Apple returns to growth trajectory in India in Q3

NEW DELHI: India, the world’s second-largest smartphone market, has returned to the spotlight for premium phone maker Apple Inc. The region has bounced back to growth in the fiscal third quarter ended 29 June even as the company battled a tough sales climate and sold fewer iPhones globally compared with the previous year.

In an earnings call with analysts late on Tuesday, Apple chief executive Tim Cook expressed happiness about the company’s performance in India, where it has ambitions to step up manufacturing capacity.

“In emerging markets, we returned to growth in mainland China, grew strong double digits in India and in Brazil, and we set new Q3 records in Thailand, Vietnam and the Philippines,” Cook said.