Bengaluru: Apple said it doubled business in India in his last fiscal, assisted by a strong sales of his I-cellphone, underlining the increasing importance of the country in its ecosystem, although from a smaller base.
“We arrange quarterly records in every geographical segment with strong double-digit growth throughout the board.
During fiscal 2021, we obtained almost a third of our income from developing country markets and doubling our business in India and Vietnam.
We are optimistic about the future, Especially because we see strong demand for our new products, “said CEO Apple Tim Cook in a conference call with analysts after the results of the fourth quarter of the I-telephone maker.
For the three months ended September 25, Apple reported revenues of $ 83 billion, up 30% compared to last year.
For the full year, revenues rose 33% to $ 365 billion while income from all Asia Pacific, which included India, rose 37%.
Apple does not break income by the state.
This is the second consecutive quarter that Apple has done well in India, where the market is dominated by Chinese smartphone makers and Samsung.
For the quarter that ended June, Apple sets the numbers in this country and reached a two-digit growth.
The California company is the fastest growing brand in the third quarter in India, growing in 212% and leading the premium smartphone market with 44% shares, according to counter-research data.
Premium smartphones are appreciated above RS 30,000.
“The brand maintains its leading position in the ultra-premium segment (RS 45,000) with a share of 74%.
Strong demand for iPhone 12 and iPhone 11 is the main factor in Apple’s growth.
Apple became the top 5G smartphone brand in the premium segment for the first time,” according to analyst Tarun Counterpoint Pathak.
Cook, however, warn that supply chain constraints – especially lack of chips that have an impact on all sectors – will be bigger to the holiday season.
Which negative impact on its income of $ 6 billion in the new quarter was concluded.
“Apart from this challenge, we see high demands for our products and hope to achieve income growth from year to year very solid and to set a new revenue record during the December quarter,” the cook added.