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Apple business doubled in India during FY 2020-21

Credit: Google

Even in the pandemic times Apple has doubled its in the country in the 2020, chief executive officer (CEO) Tim Cook revealed during an earnings call held recently.

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, Cook  said that the company  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.

“India is one of those where our share is quite low,” said Cook while answering a question from an analyst, without providing any specific data. “It did improve from the year-ago quarter. Our business roughly doubled over that period of time. And so we feel very good about the trajectory.”

Himanshu Johari
the authorHimanshu Johari