Apple scores double-digit revenue growth in India

Strong growth in India continued to reap rich dividends for Apple as CEO Tim Cook said the company is “very, very pleased” after scoring a double-digit revenue growth here.
Cook spoke about Apple’s growing engagement in India across retail functions and developer ecosystem as he pointed to sustainability efforts initiated by the company in water conservation.
On growth in India, Cook said, “We did grow strong double-digit. And so, we were very, very pleased about it. It was a new March quarter revenue record for us. As you know, as I have said before, I see it as an incredibly exciting market and it’s a major focus for us.”
Apple is growing sales channels in the country, apart from engaging deeper with the developer ecosystem, says Cook. He had visited India last year to inaugurate two company-owned stores. He also met PM Narendra Modi and other partners.
“We just opened a couple of stores last year, as you know, and we see (an) enormous opportunity there. We’re continuing to expand our channels, and also working on the developer ecosystem as well. And we’ve been very pleased that there is a rapidly-growing base of developers there. And so, we’re working on entire ecosystem from developer to market to operations, the whole thing. And I just - I could not be more excited and enthusiastic about it.”
Apple has seen fast adoption of its products in India as the company sells across channels - both offline and online. The adoption has been enabled by growing product finance opportunities, as well as lucrative buybacks, at the level of retail.