Apple iPhone sales in India surged more than 50% in the year finished September, among the couple of brilliant spots for the cell phone producer that reported its first yearly sales and profit decrease in 15 years. Apple CEO Tim Cook during an earnings call made a mention of the fact that iPhone sales in India were up over 50% in fiscal 2016 compared to the prior year and he they think this is beginning to scratch the surface of Indian which presents a growing market opportunity.
As per an estimate given by Hong Kong-based Counterpoint Technology Market Research Apple shipped about 2.5 million iPhones in India from October 2015 to September 2016, which is 56% up on year.
For the year finished September, Apple’s profit declined to $45.7 billion from $53.4 billion and net sales tumbled down to $215.6 billion from $233.7 billion. Cook referred to India’s populace and expected interest for 4G gadgets with the rollout of systems offering quicker information speeds as explanations behind Apple’s good faith.
Cook indicated Apple’s collaboration with Reliance Jio Infocomm as an indicator that 4G multiplication holds tremendous guarantee for the organization as worldwide cell phone sales are low. As per IDC development and growth in worldwide handset shipments might reduce to 1.6% this year from 10% in 2015.He also added that Apple is coordinating with Reliance Jio Infocomm to guarantee extraordinary iPhone execution on their system.
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Madhurima Goyal, From ITvoir News Desk