Apple CEO Tim Cook has described India as pivotal for the iPhone maker, saying the country is on the cusp of becoming both a major market and production base. The company posted record sales for a March quarter in India, which reflects its increasing reliance on the market to galvanize overall growth. Cook, who presided over the opening of Apple’s first two Indian retail outlets last month, said that the dynamism in the market is unbelievable and that there are a lot of people coming into the middle class. Apple is exploring ways to reduce its reliance on China as tensions between Washington and Beijing continue to escalate.
Cook, who presided over the opening of Apple’s first two Indian retail outlets last month, joined his lieutenants in mentioning India roughly 20 times on an conference call after unveiling earnings. The company posted record sales for a March quarter in India, reflecting its increasing reliance on the market to galvanize overall growth.
Apple CEO Tim Cook has been emphasizing India’s importance to the company, noting that the country is on the cusp of becoming both a major market and production base. During a conference call with analysts after unveiling earnings, Cook mentioned India roughly 20 times along with his lieutenants, underscoring how the world’s most populous country is pivotal for the iPhone maker. The company posted record sales for a March quarter in India, reflecting its increasing reliance on the market to galvanize overall growth.
