Apple bounces back in India, clocks double-digit growth
India is back on Apple’s global map, with CEO Tim Cook announcing that the growth in the country bounced back in the company’s fiscal 2019 third quarter that saw record results.
In an earnings call with analysts late Tuesday, Cook said that tactically, the emerging markets had a bit of a rebound in the third quarter that saw Apple Services vertical grow further.
“In fact, on a constant currency basis, we actually grew slightly in emerging markets. We still declined on a reported basis. India bounced back. During the quarter, we returned to growth there. We are very happy with that. We grew in Brazil as well,” said Apple CEO.
The return of Apple in India – including 19 per cent iPhone shipments growth (YoY) in Q3 — comes at a time when the company is reportedly set to manufacture top-end iPhone XS and iPhone XR courtesy its supplier Foxconn in the country.