The iPhone selling better than ever? Cook says Apple doubled its revenues from India - PowerPoint PPT Presentation

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The iPhone selling better than ever? Cook says Apple doubled its revenues from India
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The iPhone selling better than ever? Cook says Apple doubled its revenues from India

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  1. Business Standard The iPhone selling better than ever? Cook says Apple doubled its revenues from India He says revenue from emerging markets outside of greater China was up 40%, with great momentum in India

  2. Apple has doubled its revenues in the September quarter from India on a year on year basis as sales of its flagship iPhone continue to rise and people also begin buying into the rest of its ecosystem of iPads and Macs. In a call with investors and analysts on Friday, Tim Cook, CEO of Apple, said “Revenue from emerging markets outside of greater China was up 40 per cent, with great momentum in India, where revenue doubled year over year.” While Cook did not break out specifics for India, his comments indicated that not only was the iPhone selling better than ever but so were iPads and Macs .Apple said it saw double-digit growth of purchases of both the devices from enterprise and education customers in India. On a standalone basis, he said iPad sales in India were up by 39 per cent year on year. India is the second largest smartphone market in the world, which is dominated by phones running on Google’s Android operating system. Out of the 110 million odd smartphones that ship in the country every year, it is estimated that Apple controls just a 3 per cent share. While the company has been witnessing double-digit growth in India, experts believe it isn’t enough given the small base of its operations here. Despite the extremely positive outlook on India, Cook agreed that Apple was still a sliver of India’s smartphone market when questioned by an analyst on what it would take for Apple to be even more successful in India. “It's building stores. It's building channels. It's building markets. It's building the developer ecosystem. It's having the right product lineup for the market. And I feel like we're making good progress there and are gaining understanding of the market, but we still have a long way to go, which I sort of see as an opportunity instead of a problem,” said Cook in response……..read more