Record breaking Q2 growth in India: Apple

May 03, 2024 10:11 pm | Updated 10:11 pm IST - Bengaluru

Apple witnessed significant growth in India and the country remains a “major focus” said Apple Inc CEO Tim Cook.

“We did grow strong double-digit (in India). And so we were very, very pleased about it.It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market,” he said in the firm’s Q2 earnings call.

The technology giant posted a Q2 revenue of $90.8 billion, a slide of 4% year-on-year.

‘’In terms of the operational side or supply chain side, we are producing there, from a pragmatic point of view, you need to produce there to be competitive,’‘ he said referring to India.

In another India-involved call-out during the Q2 earnings, Cook said, Apple set revenue records in more than a dozen countries and regions. ‘‘These include, among others, March quarter records in Latin America and the Middle East, as well as Canada, India, Spain, and Turkey.’‘

‘’We just opened a couple of stores last year, and we see enormous opportunity there (India). We’re continuing to expand our channels, and also working on the developer ecosystem as well,’‘ he stated.

Cook said the company was pleased to see a rapidly growing base of developers in India. ‘‘And so, we’re working all of the entire ecosystem from developer to the market to operations, the whole thing. And I just, I could not be more excited and enthusiastic about it,’‘ he expressed.

According to Cook, Apple was also investing in new solar and wind power in the U.S. and Europe, both to power its growing operations and its users’ devices.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.