Apple CEO Tim Cook bullish on Indian market
Apple CEO expressed satisfaction about iPhone SE project in India and claimed the company was investing heavily in the country
Apple Inc. chief executive officer (CEO) Tim Cook has said he is very “bullish” and “optimistic” about India and sees a lot of similarities between where the Indian market is now and where China was several years ago. Cook said the company is bringing all of its “energies” to expand its footprint in India, reports PTI news agency.
“We are investing in India…we’ve already launched an app accelerator center. That’s on top of working with the channel and looking at expanding our go-to-market in general,” Cook said during the company’s third quarter earnings call on Tuesday.
In response to a question on the company’s thoughts about India, Cook said Apple has begun to produce the iPhone SE in India during the quarter and “we’re really happy with how that’s going”. “And so we’re bringing all of our energies to bear there…And so I’m very, very bullish and very, very optimistic about India,” he said.
The company posted quarterly revenue of US$ 45.4 billion as compared with US$ 42.4 billion in the year-ago quarter.