Pleased with the increasing patronage of the iPhone
ON India again, Apple CEO Tim Cook on Thursday acknowledged that the online store has received a tremendous response in the country.
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New Delhi: ON India again, Apple CEO Tim Cook on Thursday acknowledged that the online store has received a tremendous response in the country. Apple has doubled its India smartphone share to 4 per cent (in the December quarter) and the company is ready to launch retail stores in the country in the future.
Apple, which has already started manufacturing certain iPhone models in India, has worked out locations for its retail stores in the country.
Apple is likely to open its first physical store in Mumbai this year, according to earlier reports. "We put the online store there for example, and last quarter was the full first quarter of the online store and that has gotten a great reaction to it and has helped us achieve the results that we got to last quarter," Cook told the analysts on the earnings call. "We are also going in there with retail stores in the future and so we look to that to be another great initiative, and we continue to develop the channel as well."
Riding on the stellar performance of iPhone 11 and XR, Apple for the first time doubled its smartphone market share in India to nearly 4 per cent in the festive quarter of 2020, according a CyberMedia Research (CMR) report earlier this week.
After reporting an all-time high quarterly revenue that crossed $100 billion, Cook said: "If you take India for example, we doubled our business last quarter compared to a year ago but our absolute level of business there is still quite low relative to the size of the opportunity."
