Apple CEO Tim Cook Expresses Optimism About India's Growth Potential
Excited about India, recorded double-digit growth: Apple CEO Tim Cook
News 18
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During Apple's earnings call, CEO Tim Cook highlighted the company's double-digit growth in India, the world's second-largest smartphone market. He emphasized the significant opportunity for Apple, noting that despite their success, they still hold a modest market share, indicating room for expansion.
- 01Apple CEO Tim Cook is excited about the company's growth in India.
- 02India is the second-largest smartphone market and third-largest PC market globally.
- 03Apple's revenue in the last quarter increased by 17% year-over-year.
- 04iPhone revenue rose by 22% compared to the previous year.
- 05Tim Cook will transition out of his CEO role on September 1, 2026.
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Apple CEO Tim Cook expressed his enthusiasm for the company's performance in India during the earnings call for the second quarter of fiscal year 2026, which ended on March 28. He noted that India is the second-largest smartphone market and the third-largest PC market in the world. Despite Apple's strong growth, with a 17% increase in revenue to USD 111.2 billion and a 22% rise in iPhone revenue to USD 57 billion, Cook acknowledged that the company still has a modest market share, highlighting significant opportunities for future expansion. He pointed out the growing middle class in India and mentioned that many customers are new to Apple products, which bodes well for the company's growth in the region. Cook, who has been with Apple for many years, will step down as CEO on September 1, 2026, succeeded by John Ternus.
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Apple's growth in India could lead to increased job opportunities and economic benefits in the technology sector.
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