- Saturday, March 01, 2025
By: Shubham Ghosh
Apple chief executive officer (CEO) Tim Cook on Thursday (4) said the Indian market is at a “tipping point” since a lot of people in the country are entering the middle class, highlighting the emerging market’s rising importance for the iPhone maker, Moneycontrol reported.
Cook reiterated during the company’s earnings conference call that the South Asian nation is an “incredibly exciting market” and a “major focus” for the US tech giant, the report added.
“Looking at the business in India, we did set a quarterly record and grew very strong double digits year over year, so it was quite a good quarter for us,” the Apple CEO was quoted as saying.
Cook’s remarks come on the back of Apple’s significant retail expansion in the South Asian nation in recent times. Last month, he was in India after a gap of nearly seven months to launch two retail outlets — in Mumbai and New Delhi — in a span of three days.
He also met prime minister Narendra Modi, information technology minister Ashwini Vaishnaw and his junior minister Rajeev Chandrasekhar, affirming Apple’s investment commitments to India, the world’s second largest smartphone market.
