Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023
you are here: HomeNewsBusiness

India business doubled in December quarter, feel good about trajectory: Apple CEO Tim Cook

The Cupertino-based tech giant posted an all-time record revenue of USD 111.4 billion globally for the first quarter ended December 26, 2020, up 21 per cent year-on-year. International sales accounted for 64 per cent of the quarter''s revenue.

January 28, 2021 / 11:56 AM IST

Apple has doubled its business in India in the December quarter on the back of strong performance of its online store, and the tech giant sees a good growth trajectory going ahead, its CEO Tim Cook said.

The Cupertino-based tech giant posted an all-time record revenue of USD 111.4 billion globally for the first quarter ended December 26, 2020, up 21 per cent year-on-year. International sales accounted for 64 per cent of the quarter''s revenue.

"... If you take India as an example, we doubled our business last quarter compared to the year-ago quarter. But our absolute level of business there is still quite low relative to the size of the opportunity," Cook said during an analyst call.

The company, which competes with players like Samsung and OnePlus in the premium smartphone segment, has been aggressively ramping up its presence in the Indian market.