Apple CEO Cook praises India as business doubles

New Delhi: India is fast turning out to be the sweet spot for American electronics giant Apple, something its global CEO Tim Cook has repeatedly acknowledged. He again reiterated its importance during the company’s annual results conference as he talked about doubling of revenues on strong sales.
The India showing came even as Apple’s revenues in China, one of its biggest markets, saw a minor dip, after many quarters of strong growth.
Cook praised India apart from some other markets where the showing has been strong. “June quarter revenue records in developed and emerging markets with double digit growth in Brazil, Indonesia and Vietnam, and a new doubling of revenue in India,” Cook said as he spoke about a market which is seen as the next big frontier for Apple.
Apple, which has been making iPhones in India through its top contract manufacturers – Foxconn, Wistron, Pegatron – has been on an overdrive, not only going for aggressive launches, but also broadening its retail presence through self-run online stores and retail partners such as Unicorn and Aptronix.