Apple CEO Tim Cook expressed satisfaction with the growth of India's developer community, saying the South Asian country has become an important market for the global tech giant and is witnessing fast-growing development. The government said it was attracting a lot of attention, news agency ANI reported on Saturday.
“We're very excited about the rapidly growing developer base in India. Apple is committed to everything across the ecosystem, from developers to markets to operations.” ANI quoted the Apple CEO's post as saying: Twitter by Rajeev Chandrasekhar, MoS Electronics and Technology. The report further added that its rich talent pool, low operating costs and stable supply chain environment make the country a top priority for global technology companies.
Cook praised Apple India's double-digit sales growth, describing India as an “incredibly exciting market” and highlighting its importance as a key area of focus for the company.
Cook said Apple achieved record sales in India in the quarter ending March 2024, despite a 4% year-over-year decline in overall sales and a 10% decline in iPhone sales. Stated.
“We certainly had double-digit growth, so we're very happy about that. This was a new revenue record for us in the March quarter. As you know, as I said earlier, “I think this is an incredibly exciting business and that's a big focus for us,” ANI quoted Cook as saying about Apple's performance in India.
Underscoring the strategic importance of local manufacturing to remain competitive, Cook said, “From a practical point of view, we need to manufacture locally (in India) to be competitive. From that perspective, the two are certainly related.” But we have to do operational things and go out to market and work on things. ”
In this era of ever-evolving global geopolitical forces, it is important to note that India is emerging as a beacon for global technology companies. Revenue growth in India for big tech companies like Apple, Microsoft and Meta outpaced global expansion last year.
Apple will help hire more than 1 million developers in India in 2023 and plans to expand further.
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