Vikrant Shekhawat : Nov 02, 2024, 02:20 PM
Apple CEO Tim Cook: Apple CEO Tim Cook has given great news to iPhone users and eager customers in India. Apple has exported iPhones worth $ 6 billion in the last quarter, performing record in India, and the company aims to increase this number to $ 10 billion soon. Between July and September, Apple earned revenue of $ 94.9 billion in India, which shows a growth of 6 percent compared to last year.Good news for iPhone buyers in the Indian marketApple opened two flagship retail stores in BKC, Mumbai and Saket, Delhi last year. After the successful operation of these stores, Tim Cook has announced that the company is planning to open four more new Apple stores in India. Regarding this expansion, he said, "After record revenue in India, we are looking forward to opening four new stores here." Along with this, he also expressed his desire to increase Apple's contribution to the education sector in India, in which the company wants to promote digital education among teachers and students by taking advantage of its technical support.Special emphasis on manufacturing under Make in IndiaApple has made a special effort to promote manufacturing in India. The company has partnered with Foxconn, Pegatron Corporation and Tata Electronics to increase its iPhone production locally. Foxconn, located near Chennai, has emerged as the largest supplier of iPhones in India, while the Tata Group, through its electronics manufacturing unit, exported iPhones worth $1.7 billion from Karnataka from April to September.The main reason for Apple's inclination towards India is the Make in India policy of the Government of India. The subsidies provided by the government, skilled workforce and India's technological capability have encouraged Apple to increase its manufacturing units here.Apple's long-term strategy with IndiaApple's iPhone exports and opening of new stores in India indicate that the company is not only expanding its market here, but is also establishing it as a production hub. Through increasing local manufacturing and contributing to the education sector, Apple is eyeing India as one of its most key markets.With this announcement by Tim Cook, the Apple experience for iPhone customers in India is expected to get even better. This is likely to have a positive impact on the local tech industry, employment and the Make in India initiative.