Budget with ET
Budget must find a fix for a crisis before it's too late
Is India about to add more 'castes' in one day?
Will Sitharaman give middle-class consumers some respite from price pain?
During a call with investors, while announcing quarterly earnings, Cook said Apple will open four new stores in the country.
«The iPhone was the top-selling model in India. It is the second-largest smartphone market in the world, and the third-largest for PCs and tablets, so there's a huge market. We have very modest share in these markets, so we have an upside there. And this is only one of the emerging markets,» he said on the call.
Apple reported its revenue was a whopping $124.3 billion in the year-end holiday quarter, but sales growth fell shy of market expectations as the iPhone faces stiff competition, particularly in China.
The company's shares rose about over 3% in after-market trading on Thursday after the company forecast higher sales than Wall Street expected.
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