Jan 27, 2016

Apple turns to India, as Chinese market weakens


In an earnings call in which the company reported meager iPhone growth and forecast its first revenue drop in 13 years, the Indian market stood out as a rare bright spot for Apple.

Sales of the company's flagship smartphone climbed 76% in the country from the year-ago quarter, Apple CFO Luca Maestri said on the call.

And Apple CEO Tim Cook suggested more growth is on the horizon, noting the median age in India is just 27.

http://timesofindia.indiatimes.com/tech/tech-news/Apple-turns-to-India-as-Chinese-market-weakens/articleshow/50737517.cms


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