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India is a growing market for iPhones and other Apple hardware and services over the last few years. In 2022, iPhones crossed 4 per cent of the overall smartphone shipments in the country, up from a mere 1 per cent in 2019. This number could cross 5 per cent in 2023.
India makes 13 million iPhones annually, compared to 5 million just three years ago. The country could be key to Apple's future growth.
During Apple's Financial Conference Call in February, a Merrill Lynch analyst asked Apple's CEO this question: Do you think that this move to sort of higher ASPs that has happened over the last few years is sustainable? Cook's reply: I wouldn't want to predict, but I would say that the smartphone for us -- the iPhone has become so integral...
During Apple's last Financial Conference Call, Apple's CEO Tim Cook stated: "I think people are willing to really stretch to get the best they can afford in that category." He further noted that the iPhone had become "integral" to life. Rumors surrounding this statement has given rise to a possible iPhone Ultra is in-the-works. While this is a rumor, a recent report about the possible power of Apple's next-gen A17 Bionic is insane.
During Apple's last Financial Conference Call, Tim Cook stated that for the quarter (calendar Q4 2022, Fiscal Q1 2023), iPad revenue grew 30% to a total of $9.4 billion. Today we're learning that Apple's growth in Q4 in China was amazing