Apple’s CEO Tim Cook arrived in India to open the company’s first local stores, as the tech giant’s sales in the country reached a new record of nearly $6 billion for the year ending in March.
This underscores the growing significance of the Indian market for Apple, and highlights its efforts to expand its presence and offerings in the region.
Apple’s revenue in India jumped by nearly 50 per cent from $4.1 billion in financial year 2023, Bloomberg reported. Apple is expected to announce its quarterly earnings on May 4 and has signaled that it expects total global revenue to decline.
