Business

Apple CEO Tim Cook Reaffirms Commitment To India With Record Results & Expansion Plans

Apple CEO Tim Cook reaffirmed the company’s commitment to the Indian market during an investors’ call following their quarterly results.

He highlighted a record performance for the December quarter and emphasized plans to open more stores in India.

“We’re opening more stores there, we’ve announced that we’re going to open four new stores there,” Tim Cook stated.

The Apple CEO also shared that the iPhone was the top-selling model in India for the quarter.

“It’s the second largest smartphone market in the world and the third largest for PCs and tablets, and so there’s a huge market, and we have very modest share in these markets, and so I think there’s lots of upside there,” he asserted.

While Apple’s share of the PC market in India remains small, the company has seen strong performance in the tablet sector.

According to a Cybermedia Research report, Apple led the Indian tablet market with a 34% share, with the iPad 10 Series contributing 60% of the company’s tablet shipments, underscoring its momentum in the market.

A recent Kantar survey also revealed that the iPhone was the top-selling model in several key markets during the December quarter, including the US, urban China, India, the UK, France, Australia, and Japan.

Apple’s Chief Financial Officer, Kevan Parekh, added that the company is seeing strong demand from enterprises in India.

He pointed to Zomato, which has deployed thousands of Macs across its workforce to drive innovation, as an example of the growing enterprise interest in Apple products.

Also Read: Apple Leads In Value Share; Vivo Tops In Volume In India Smartphone Market In 2024

Mankrit Kaur

Recent Posts

PM Modi Meets Bhutan PM Tobgay At BIMSTEC Summit; Highlights Strong Bilateral Ties & Regional Cooperation

PM Narendra Modi met Bhutanese PM Tshering Tobgay on the sidelines of the 6th BIMSTEC…

6 hours ago

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

9 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

9 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

10 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

11 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

12 hours ago