• Tuesday, May 17, 2022

Business

Apple eager to tap India’s huge potential, says Tim Cook

Bullish about India: Apple CEO Tim Cook (Reuters)

By: Rithika Siddhartha

APPLE’S chief executive officer (CEO) Tim Cook has said the US tech giant will strengthen its presence in India’s “under-penetrated” market, amid improving 4G network infrastructure. Earlier this week, Apple reported a rise in quarterly profit, which climbed 4.9 per cent to slightly more than $11 billion on revenue rising 4.6 per cent to $52.9 billion in the quarterly period that ended April 1. The company is investing heavily in India, the third largest smartphone market in the world behind China and the US, Cook said, as he revealed that Apple set a new March quarter revenue record in the…

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