Apple doubled its business in India in Fiscal 2021: Tim Cook
New Delhi : Apple CEO Tim Cook said that the company has doubled its business in India during the fiscal 2021. He also mentioned that the company managed its one-third of the revenues from the emerging market this fiscal.
Despite the growing progress in India, the Cupertino company missed Wall Street expectations due to supply constraints owing to COVID-19 and its outcomes in key markets. In normal scenario, Apple earns $83.4 billion (roughly Rs. 6,23,800 crore) in the fourth quarter that ended September 25.
“We are optimistic about the future, especially as we see strong demand for our new products,” Cook, 60, said while addressing investors during the earnings call.
Well, this is not the first time when Tim Cook has lauded India for growing business of the company.
In January, too, he had said that the company's business in India doubled in the previous quarter. He had also informed about achieving a “quarterly record” in the Indian market in October last year.
Recently, Apple launched its brand new iPhone 13 and with that prices of Apple iPhone 12 were slashed, eventually increasing the demand of the device.