The Weekend Leader – Apple doubles its market share in India in 2021: Tim Cook
Despite supply constraints, Apple doubled its market share in India in its fiscal year ended Sept. 30, CEO Tim Cook said.
Apple estimated supply constraints impacted revenue by around $ 6 billion, mainly due to industry-wide silicon shortages and manufacturing disruptions linked to Covid.
âDespite this, we set an all-time record for Mac and quarterly records for iPhone, iPad, wearable devices, home and accessories representing 30% year-over-year revenue growth,â said Cook on a conference call with analysts. Thusday.
âIn fiscal 2021, we achieved almost a third of our revenues in emerging markets and doubled our activities in India and Vietnam,â he added.
Building on the exceptional performance of the iPhone 12 alongside the iPhone 11, Apple achieved an impressive 150% (per quarter) growth for iPhones during the July-September (Q3) period in India, shipping over 1.53 million units nationwide.
IPads also saw a huge jump in growth, at 109% (qoq), and nearly 0.24 million units were shipped in the same period in the country, according to company information. ‘CyberMedia Research (CMR) market research.
On a year-over-year front, iPhones grew 28% while iPads grew 47%, indicating growth in demand for large-screen devices for learning, at work and play amid the pandemic.
According to Counterpoint Research, strong demand for the iPhone 12 and iPhone 11 helped Apple to dominate the premium smartphone market in India with a 44% share in the July-September (Q3) quarter.
Apple was the fastest growing brand in the third quarter with 212% growth (year-on-year) and led the premium smartphone market (30,000 rupees and above) with an impressive 44% share.
âApple had the strongest lineup in India over the past year which has contributed to the growth. Apart from that, the pandemic-induced trends have also fueled the growth of the iPad, Mac, Airpods and services in India, âsaid Tarun, Director of Research for Counterpoint. Pathak told IANS.
âStrong product demand along with a dedicated channel strategy has helped Apple grow in India. Apple had a very successful quarter in terms of iPhones with shipments reaching a record 2 million units for the first time in a single quarter. The iPhone 11 and 12 contributed to this. nearly 62% of that, âhe added.
The full impact of the holiday season will be reflected in the next quarter, and experts believe the iPhone 12 is likely to dominate the portfolio.
The iPhone maker also maintained its leading position in the ultra-premium segment (Rs 45,000 and over) with a 74% market share in India – IANS