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Very optimistic about India, says Apple CEO Tim Cook

The company posted quarterly revenue of $45.4 billion as compared to $42.4 billion in the year-ago quarter.

BT Online   New Delhi     Last Updated: August 2, 2017  | 18:40 IST
Very optimistic about India, says Apple CEO Tim Cook
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Apple CEO Tim Cook while addressing the third quarter earnings call said that he is very optimistic about India. Emphasizing Apple's commitment in manufacturing in India, Cook said he is "very, very bullish and very, very optimistic about India".

He further said that his company is focusing all its energies on India. he said, "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. And we began to produce the iPhone SE there 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. I see a lot of similarities to where China was several years ago".

In May, Apple had said that it began initial output of a 'small number' of iPhone SE in Bengaluru and would start shipping to domestic customers.

Cook was among a select group of CEOs who had met Prime Minister Narendra Modi in June in Washington during the Indian leader's visit to the US capital for his first bilateral meeting with President Donald Trump.

Apple announced financial results for its fiscal 2017 third quarter ended 1 July.

The company posted quarterly revenue of $45.4 billion as compared to $42.4 billion in the year-ago quarter.


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