Apple CEO Tim Cook Says India Business Doubled Last Quarter

Apple doubled its business in India in the quarter that ended December 26, CEO Tim Cook revealed during an earnings call on Wednesday. The new achievement by the Cupertino company comes alongside posting an all-time high revenue of $111.4 billion (roughly Rs. 8,14,270 crores) globally that increased 21 percent year-over-year.

The launch of the iPhone 12 series has significantly helped Apple generate the record revenue, with its active installed base of iPhone models crossing one billion milestone. In India, particularly, the company ventured into retail with its online store and is moving towards establishing offline stores.

While responding to analysts, Tim Cook said that Apple doubled its India business in the December quarter compared to the year-ago quarter. The 60-year-old executive, however, highlighted the scope for further growth in the country.