Despite global slump in the sale of iPhone, Apple registers massive 76 per cent growth in India, reports said on Wednesday.
The report came after a day of forecast of Apple’s first ever predicted revenue drop since the launch of its first iPhone in 2007. However, the Indian market is still giving the signals of big hope for the Apple as next bright spot for its sale.
According to a report published in the Reuters, the sale of the company surged 76 per cent in last quarter. Since the company is already working on another small-screen phone, the market may get more love from the Indian buyers in second half.
Showing the data, Apple CEO Tim Cook said that there is chance of more growth in India. The median age of buyers in India is 27, a report published in the Reuters said quoting the Cook.
In next phase, Apple is planning to expand its distribution in India where they have been selling iPhone and other products through a third-party vendor.
According to a report in Reuters, the American tech-giant had already filed an application with the GOI’s Department of Industrial Policy to open store in the country.