Tag: Apple India revenue

Apple’s Q1 earnings reveal record-breaking quarter in India; CEO Tim Cook reveals big milestone
Technology

Apple’s Q1 earnings reveal record-breaking quarter in India; CEO Tim Cook reveals big milestone

[ad_1] 2023 was a great year for Apple with not only launches of existing products such as the iPhone 15 and Mac but also the introduction of new ones as well like the Vision Pro. The company ended the year on a high, and became the top smartphone maker in the world, dethroning Samsung. During the year, India became one of the key markets for the tech giant as it opened two official flagship stores in the country - Apple Saket in Delhi and Apple BKC in Mumbai. Apple's Q1 quarter earnings call also revealed that it broke the December quarter record in the country!Apple Q1 earnings call resultsDuring the Q1 earnings call, Apple CEO Tim Cook said that the company broke December quarter records in India, as well as a few other countries. Responding to an analyst questions, Cook multiple tim...
Apple’s Chief Rival Has a Cautionary Tale for India
Technology

Apple’s Chief Rival Has a Cautionary Tale for India

[ad_1] In July 2008, Apple Inc. opened its first retail store in China, marking the start of a meteoric rise in the country. Fifteen years later, Chief Executive Officer Tim Cook is offering the same blessing to India. It's obvious that the world's most-valuable company should hang out its shingle in what may already be the globe's most populous country, yet there's a cautionary tale not only from its time in China, but from its chief rival.When hundreds of people queued up for the opening of that first store in Beijing, the nation was barely a blip on Apple's revenue radar. By the next financial year, ending September 2009, China plus Hong Kong combined brought in a mere $769 million in revenue, accounting for 1.8% of the global total. Within another two years, the figure jumped to $12...