Swarajya Logo
Swarajya Logo
Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Our Views
    Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Magazine
  • Store

About Swarajya

Swarajya is a publication by Kovai Media Private Limited.

Swarajya - a big tent for liberal right of centre discourse that reaches out, engages and caters to the new India.

editor@swarajyamag.com

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Participate

  • Contact Us
  • Write for us
  • Style Guide
  • Jobs

Stay Connected

  • Artboard 2 Copy 6Created with Sketch.
    Artboard 2 Copy 10Created with Sketch.
    Artboard 2 Copy 7Created with Sketch.
    Artboard 2 Copy 9Created with Sketch.
  • Andriod Logo
  • IOS Logo

Tech

Apple CEO Believes India At A "Tipping Point," Mighty Impressed By Market's "Vibrancy"

Swarajya StaffFriday, May 5, 2023 8:28 pm IST
Pictured is Apple chief Tim Cook after opening the iPhone maker's Apple BKC — their first store in India.
Pictured is Apple chief Tim Cook after opening the iPhone maker's Apple BKC — their first store in India.
Pictured is Apple chief Tim Cook after opening the iPhone maker's Apple BKC — their first store in India.

Tim Cook, the chief of Apple Inc, highlighted India's importance on Thursday (4 May) as a crucial market and production base, emphasising its potential for growth.

Cook and his team mentioned India about 20 times in a conference call after Apple posted record sales for the March quarter in the country.

The company's increasing dependence on the Indian market to drive growth was evident, especially as Cook had presided over the opening of Apple's first two Indian retail stores just last month.

Cook expressed his belief that India is at "a tipping point" with an increasing number of people entering the middle class.

He was impressed by the vibrancy and dynamism of the market, as he told analysts on the call.

Apple aims to bolster sales in India, where a growing consumer market and increasing incomes present opportunities for expansion, while smartphone sales in other regions of the world plateau.

Although Apple does not disclose revenue figures specifically for India, Bloomberg News revealed that the iPhone maker generated around $6 billion of sales in the country between March 2019 and 2020.

With the ongoing tensions between the United States and China, Apple is reportedly looking for ways to reduce its reliance on the Asian country. One of the ways is to tap into a vast labour pool.

While most of its iPhones are currently made in Chinese factories, Apple's long-time partners have quickly added assembly lines this past year.

Tags
Apple India
Indian Market
Apple CEO Tim Cook
Apple Inc

Comments ↓

An Appeal...


 

Dear Reader,

 

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

 

Our business model is you and your subscription.  And in challenging times like these, we need your support now more than ever.

 

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

 

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Get Swarajya in your inbox.


Magazine


Swarajya Magazine Cover Image
Merchandise

Merchandise


    Politics

    Walter Russell Crocker: Australian Diplomat And Newly-Discovered Icon Of 'North-South Divide'

    Walter Russell Crocker: Australian Diplomat And Newly-Discovered Icon Of 'North-South Divide'

    Aravindan Neelakandan
    38m

    Ayodhya: Why We Should Be Ever Grateful To Dr K.K. Muhammed's Courage

    Aravindan Neelakandan
    3h

    Telangana Election Results Explained: Part-2

    Venu Gopal Narayanan
    8h

    Economy

    Enough Of Big Bang Reforms? No Major Announcements In Next Budget, "Wait Till July 2024", Says Nirmala Sitharaman

    Enough Of Big Bang Reforms? No Major Announcements In Next Budget, "Wait Till July 2024", Says Nirmala Sitharaman

    Nishtha Anushree
    3d

    ₹58,378 Crores! Govt Set To Open Taps On Additional Welfare Spending With 2024 In Mind

    Swarajya News Staff
    4d

    India Anticipated To Be Fastest Growing In Next Three Years, Set to Become Third Largest Economy By 2030: S&P

    Nishtha Anushree
    5d

    Defence

    On This Day, In 1971, Indian Air Force Continued Heli-lift Operations Across Meghna, While Fierce Fighting Raged In The Mountains Of Ladakh

    On This Day, In 1971, Indian Air Force Continued Heli-lift Operations Across Meghna, While Fierce Fighting Raged In The Mountains Of Ladakh

    Ujjwal Shrotryia
    2h

    Indian Navy Gears Up For Domestically Made 'Underwater Chariots' — Here's All About It

    Bhuvan Krishna
    12h

    1971 War: How The Indian Army Crossed The Mighty Meghna River In East Pakistan On Its March Towards Dhaka  

    Prakhar Gupta
    1d

    World

    Putin Hails PM Modi As 'Main Guarantor' For Robust India-Russia Relations

    Putin Hails PM Modi As 'Main Guarantor' For Robust India-Russia Relations

    Bhuvan Krishna
    14h

    'Context' Takes Its First Victim: UPenn President Liz Magill Resigns

    Swarajya Staff
    15h

    After Becoming Longest-Serving President, Putin Announces Running For Election In Russia Again

    Nishtha Anushree
    2d

    Culture

    From Jodhpur To Ayodhya On Bulls, Preserved Through Herbs: The Story Of Ghee To Be Used For Ram Lalla's First Aarti

    From Jodhpur To Ayodhya On Bulls, Preserved Through Herbs: The Story Of Ghee To Be Used For Ram Lalla's First Aarti

    Nishtha Anushree
    2d

    ‘Garba Of Gujarat’ Declared As Intangible Heritage By UNESCO

    Arun Kumar Das
    4d

    Gujarat's Garba Is Now In List Of UNESCO Intangible Cultural Heritage of Humanity

    Swarajya News Staff
    4d
    States

    infrastructure


    Arun Kumar Das
    1

    Delhi-Meerut-Ghaziabad RRTS: Trial Run Commences Beyond Priority Section; Namo Bharat Train Goes Up To Modi Nagar South

    2 Mins Read
    Arun Kumar Das
    2

    Ram Temple: Special Trains To Ayodhya Station, Electric Catamaran On Saryu River

    2 Mins Read
    Arun Kumar Das
    3

    Cool Comfort: India Mandates AC Cabins In New Trucks From October 2025

    1 Mins Read
    Swarajya News Staff
    4

    Airbus Helicopters, Indamer Aviation Join Forces To Strengthen India's Helicopter Maintenance Services

    2 Mins Read