New Delhi: Technology giant Apple reported record revenue in the June quarter in India on the back of robust iPhone sales. Apple CEO Tim Cook said he is pleased with the company’s performance in the world’s second-largest smartphone market.
Top company executives said that given the potential of the Indian market, Apple still has a very small share here. India’s performance featured prominently in Apple’s latest earnings announcement. The company said that the performance of the store started here has been better than expected.
Responding to a question about India’s potential, Cook said, “You know we achieved record earnings in the June quarter in India, and we posted strong double-digit growth.” We also opened our first two retail stores during the quarter. At the moment they are doing better than we expected. Apple said it would continue to invest more in building channels and bringing offers directly to consumers.
“It’s the second largest smartphone market in the world and we should do really well there and we’re very pleased with our growth there,” Cook said. A top company executive said that their share of this smartphone market is still very small, so there is a huge opportunity for Apple here.