Apple logs record March quarter in India, iPhone sales defy slump

Apple Inc. on Friday reported a record March quarter in India—its 18th consecutive record period in the market— with double-digit growth in iPhone sales defying the country's broader slowdown in smartphone shipments, which declined nearly 12% in the same period.

- Shouvik Das

Apple saw double-digit sales growth of its iPad in India.

(AF)

Apple's India revenues also hit a record high in the March quarter, growing in double digits, Tim Cook, the company's chief executive officer (CEO), said in an earnings call, adding he was “over the moon excited” about the opportunity in the market. The company does not disclose country-wise revenue figures.

Apple also recorded double-digit growth in sales of its iPad tablet lineup in India in the quarter, Cook said, which analysts said reflected the increasing maturity of the company's customer base.

Pointing out that the company has been focused on India for a while, Cook said, “It has been wonderful to see how we have continued to grow in India in recent years, part of our larger efforts to connect with even more customers in emerging markets all over the world.”