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Apple CEO Team Kook: Apple CEO Tim Cook has said that Apple has set quarterly records in Brazil and India as well as another revenue record for the Indian market. Looking at the India business, we set a quarterly revenue record and are on track for very strong double-digit growth year-over-year, Cook said on Thursday after posting its quarterly results. Cook announced that this is despite the headwinds we talked about. India is a very important market for us. We brought online store in 2020. We will also bring Apple retail here soon.
Apple will soon open a retail store in Mumbai
Apple is all set to launch its first ‘brick-and-mortar store’ in Mumbai soon. On the occasion of the post-pandemic in India, Cook said that we have done really well in India despite Kovid and I expect even more now. That’s why we are investing there by bringing retail, online store and putting a lot of energy there. I am very optimistic about India. We are putting a lot of emphasis on the market. Working on trade-ins to make products more affordable and give people more options to buy.
Apple is getting growth in India
“Every major product category and geographic segment delivered strong results, with strong double-digit growth in emerging markets such as Brazil, Mexico, India, Indonesia, Thailand and Vietnam,” said Luca Maestri, Apple’s chief financial officer. Apple has sold 2 million iPhones in India in the 2022 holiday quarter (Q4), registering an 18 percent (quarter-on-quarter) growth for its flagship device. The India market share of iPhone is projected to reach 5.5 per cent by 2022 with a growth of 11 per cent (year-on-year). According to the latest CMR data, the iPhone 14 series registered 59 percent market share in Q4 2022, followed by the iPhone 13 series at 32 percent.
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