Apple lauds India's business environment, hints at long-term investment

news

28 Jan 2016

By IDR Staff

0 Comments

Apple CEO Tim Cook has said the Indian smartphone market presents a "very good business environment" going ahead, and applauded the country's economic progress, reported the Press Trust of India.
Apple has been sharpening focus on India as it sees the country "quickly becoming the fastest growing BRIC (Brazil, Russia, India and China) country."
Describing India as a rapidly expanding market, Cook said revenues from the country were up 38% and in constant currency, the growth was 48%.
"So it's a very rapidly expanding country. And I think the government in India is very interested in economic reforms and so forth that I think all speak to a really good business environment for the future," Cook said on an investor call.
He said the company is "putting increasingly more energy in India" and will continue to invest here for the long-term.
Comparing India with the Chinese market, the world's most valuable company's CEO said the population of India is incredibly young.
"I think of the China age being young, at 36, 37 and so 27 (median age in India) is unbelievable. Almost half the people in India are below 25. And so I see the demographics there also being incredibly great for a consumer brand and for people who really want the best products," he said.

Most Popular

07 Jan 2016

04 Jan 2016

06 Jan 2016

08 Jan 2016

04 Jan 2016

Your comment will be published after moderation.

Institution:

Designation:

Name: *

E-mail: *

The content of this field is kept private and will not be shown publicly.

Comment: *

Web page addresses and e-mail addresses turn into links automatically.
Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><p>
Lines and paragraphs break automatically.

CAPTCHA

This question is for testing whether you are a human visitor and to prevent automated spam submissions.

What code is in the image?: *

Enter the characters shown in the image.

Connect