Tuesday, May 28th, 2024

India has emerged as the most preferred market for tech giants: Apple CEO Tim Cook

India has become a key market for global tech giants, with the growing developer base attracting significant attention. Apple CEO Tim Cook expressed his satisfaction with India’s growing developer community, outlining Apple’s holistic approach, which covers everything from developer support to go-to-market strategies and operational efficiency.

Minister of State for Electronics and Technology Rajeev Chandrashekhar tweeted that Apple CEO Tim Cook said, “We are very pleased that the developer base in India is growing rapidly. “Apple is working across the entire ecosystem, from developers to markets to operations.”

Cook praised Apple India’s double-digit revenue growth, a new record for the March quarter. He described India as an “incredibly exciting market” and a major focus for the company.

“We got double-digit gains, and so we were very, very pleased with that. This was a new revenue record for us in the March quarter. As you know, as I’ve said before, I see it as an incredibly exciting market and it’s a major focus for us,” Cook said on Apple’s performance in India.

India has become a top priority for global tech companies due to its huge talent pool, low operating costs and stable environment for supply chains. In this ever-evolving era of global geopolitical power, India has emerged as a beacon for global technology corporations. In 2023, Apple, Microsoft and Meta’s revenue growth rate in India will overtake their global expansion rate.

“From a practical point of view, you need to produce there (India) to be competitive, and yes, both things are linked from that point of view, but we have both operational things going on and we have to move forward with the market and initiatives going on.” Has been,” he said.

Apple’s efforts to expand its presence in India include strengthening distribution channels and nurturing the developer community. Apple plans to support more than one million developer jobs in India by 2023, with further expansion planned.

Additionally, Apple’s achievement of setting a six-month revenue record in India and other emerging markets underlines the importance of the country in the tech landscape.

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