Gulveen Aulakh writing for ETtech:
The Cupertino-based company’s sales of iPhones in India grew 93% in the third quarter albeit off a far lower base faster than 87% growth in Greater China markets, comprising China, Hong Kong and Taiwan. The company’s global phone sales rose 35% to 47.5 million units.
“(In) India we grew at 93% and this is on top of the Greater China numbers that grew 87% during the quarter against a market of 5%,” Apple’s chief executive officer and director Tim Cook said during an earnings call Wednesday morning. “So, we did exceptionally well I think in any way that you look at it,” he said.
iPhone sales growth in India were higher than 45% growth recorded in several countries, including Italy, Spain, the Netherlands and Turkey, Cook said, while sales more than doubled in Germany, Korea, Malaysia, and Vietnam.
The iPhone 5s was selling like hot cakes a few months ago when it was available on Flipkart, Amazon.in and Snapdeal for as low as ₹30,000. No wonder the numbers did so well.