iPhone Sales in India Helped Apple Set June Quarter Revenue Record

Tech elephantine Apple set a June 4th gross grounds successful India, driven by robust income of iPhone, pinch CEO Tim Cook saying nan institution is "pleased" pinch maturation successful nan world's second-largest smartphone market.

The apical brass pledged to put its energies into tapping nan immense opportunity that presents itself here, fixed Apple is still "very humble and (has) debased stock successful this smartphone market".

India figured prominently successful nan Cupertino-based iPhone maker's latest net call, arsenic nan institution highlighted really nan capacity of newly-launched stores present exceeded expectations.

On a circumstantial mobility connected nan imaginable of India, Cook said, "You cognize we did deed a June 4th gross grounds successful India and we grew beardown double digits. We besides opened our first 2 unit stores during nan 4th and of people it's early going currently, but they are presently beating our expectations successful position of really they are doing".

Apple said it continues to activity connected building retired nan transmission and putting much finance successful direct-to-consumer offers arsenic well.

"And truthful I deliberation if you look astatine it, it's nan 2nd largest smartphone marketplace successful nan world and we ought to beryllium doing really good location and we are very pleased pinch our maturation there," Cook said.

At nan aforesaid time, nan apical honcho added, "We still person a very, very humble and debased stock successful this smartphone market, truthful I deliberation it's a immense opportunity for us. And we are putting successful each of our energies to make that occur." Apple charted an eager unit description successful India earlier this year, erstwhile it launched 2 unit outlets here, successful Mumbai and Delhi, during Cook's first travel to nan state successful 7 years successful April.

The caller stores successful Mumbai and Delhi travel astatine a clip erstwhile Apple is trying to deepen its unit push successful India, a booming smartphone market.

During his India trip, Cook met Prime Minister Narendra Modi, arsenic good arsenic Minister for Electronics and IT Ashwini Vaishnaw, and Minister of State for IT Rajeev Chandrasekhar, arsenic he underlined nan company's finance committedness to India.

Looking to replicate what China did to Apple's business successful nan past 15 years, nan tech elephantine is eyeing India's monolithic marketplace pinch an expanding mediate people to powerfulness income growth, and perchance make it a location guidelines for nan accumulation of millions of Apple devices.

As such, India is besides location to factories that nutrient 5 percent of full iPhones arsenic Apple diversifies its proviso chains distant from China.

India excessively has identified electronics manufacturing arsenic a cardinal privilege area for its early maturation ambitions, hoping to pull investments from world biggies looking to diversify their operations extracurricular of China.

India hopes to play connected nan spot of its storied talent and accomplishment base, vibrant market, and enabling policies to area important chunk of caller investments flowing into electronics and telephone manufacturing arsenic good arsenic semiconductor production, redefining its equation successful world proviso chains. 

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