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MARKET SHARE IN INDIA AT 6%: Apple strong locally, a bit weak globally
Financial Express Mumbai
|November 04, 2023
Retail stores in India doing better than expected: Cook
APPLE CEO TIM Cook sees a lot of headroom for the company to grow the market share of iPhones in India.
"We had an all-time revenue record in India. We saw strong double-digit growth here. It's an incredibly exciting market and a major focus area for us," Cook said, addressing analysts after the company declared its global earnings for the July-September quarter.
Apple has now recorded double-digit growth in the India market for the sixth straight quarter on the back of strong iPhone sales."We see an extraordinary market (in India), a lot of people moving into the middle class, distribution is getting better, lots of positives," Cook added.
However, the company's overall revenue globally, fell 1% year-on-year to $89.5 billion during the period.
This story is from the November 04, 2023 edition of Financial Express Mumbai.
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