CEO Tim Cook satisfied with Apple's 'strong double-digit growth' in India as company reports record revenues

Apple CEO Tim Cook has said that Apple achieved record revenues in India for the quarter ending March 2024, despite a 4 percent drop in overall revenue and a 10 percent decline in iPhone sales from the previous year. Cook made the announcement during the earnings call on May 2, 2024, while discussing the company's financial outcomes in India, Hindustan Times reported Also Read | Apple share price jumps 6% as Q2 earnings, forecast beat estimates; unveils record $110 billion share buyback Speaking about the Apple's iPhone manufacturing in India, Hindustan Times reported that Tim Cook emphasised the strategic importance of local production for maintaining competitiveness. He said, “From a pragmatic point of view, you need to produce there to be competitive, and so, yes, the two things are linked from that point of view, but we have both operational things going on and we have go to market and initiatives going on."