Apple’s boat will cross India, Tim Cook said this heart touching thing – apple record revenue drop tim cook announced indian market revenue growth

New Delhi. Smartphone maker Apple is at a severe loss. In the first quarter of the year 2023, Apple’s revenue has registered a decline of 5 percent. Let us tell you that for the first time in the last 6 years, Apple has suffered a loss. Apple has a loss of $ 117.2 billion in the first quarter of FY 2023, 5 percent less than last year.

India has been beneficial for Apple
However, in this difficult time, India will sail through Apple’s boat. Because India has been the only app market in the whole world, where the growth of the company has been in double digit in the last few days. Apple CEO Tit Cook also believes something similar. This is the reason why he said that India is very important for Apple. India has a huge smartphone market. Let us tell you that there has been a record sale of iPhone in India in the last few times, due to which the company has benefited a lot. This is the reason why Apple company is manufacturing iPhone on a large scale in India.

Apple business booming in India
Apple’s CFO Luca Maestri said that Apple has achieved a record revenue of $ 20.8 billion this year. Which was difficult in this challenging environment. Revenue during the quarter stood at $65.8 billion, down 8 percent from last year. However, the situation is expected to improve soon. Despite Covid and supply chain issues, Apple has recorded the highest iPhone revenue in Canada, Italy and Spain. Also, record revenue has been achieved for the sale of iPhone in India and Vietnam.