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Thursday , 19 July 2018
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Tim Cook – Bullish on India

Apple CEO Tim Cook has said he is very “bullish” and “optimistic” about India. He said this after Apple has announced its earnings for the third quarter ended July 1, 2017. The company posted quarterly revenue of USD 45.4 billion as compared to USD 42.4 billion in the year-ago, a rise which has beaten the estimates of the market analysts, thanks to the sales in India.

“We are investing in India. We’ve already launched an app accelerator centre. That’s on top of working with the channel and looking at expanding our go-to-market in general,” Cook said during the company’s third quarter earnings. He has also talked about Apple manufacturing iPhone SE in India under the “Make In India” initiative and said “we’re really happy with how that’s going”.  He continued further “And so we’re bringing all of our energies to bear there.And so I’m very, very bullish and very, very optimistic about India.”

Apple’s iPhone SE manufacturing facility is located in Bengaluru and it has not commenced its operations in full fledge. 

The Karnataka government had in February announced Apple Inc’s proposal to commence initial manufacturing operations in Bengaluru. The phones will be manufactured by Wistron, a Taiwanese OEM for Apple. It is worthy to be recalled at this juncture that Cook was one among the top CEO’s who has met PM Narendra Modi in June when Modi was touring in the US for the bilateral meeting with the US President Donald Trump.

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