Apple announced strong quarterly earnings, with a healthy growth in iPhone sales numbers. During an hour-long earnings call, CEO Tim Cook highlighted the growth in the Indian market as well, which has for the first time raced ahead of Greater China.
Cook said that the sales of iPhones in India saw a massive 93 percent year-on-year growth in the third quarter of this year. While having a comparatively smaller user base to China, the growth in India is bigger than the 87 percent growth witnessed in China, Hong Kong and Taiwan.
“[In] India we grew at 93 percent and this is on top of the Greater China numbers that we’ve already covered that grew 87 percent during the quarter against a market of 5 percent,” Cook said. “And so we did exceptionally well I think in any way that you look at it.”
“We grew 87 percent in China. We grew 90 percent-plus in India. Emerging markets are growing 65 percent,” Cook said. “These numbers are unbelievable and they’re done in an environment where it’s not the best of conditions.”
Overall in Q3, 2015, Apple sold a total of 47 million iPhones. Apple of late has been quite aggressive in its strategies where India is concerned. As per reports, Apple was able to sell a million iPhones by April this year. It is also believed to have touched $1 billion in revenue in the financial year ended March 31, 2015 an increase of over 40 percent from the year before.
The Cupertino-based giant now aims to double the sales of a million iPhones by the end of October. With that in mind, the company roped in new distributors including US-based Brightstar, and Delhi-based Optiemus Group more recently. Apple has an ambitious target of selling seven million iPhones in a year in India by 2018.