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Apple Sees ‘Flat’ Growth in India, but CEO Tim Cook Is Still ‘Very Bullish’

A couple of quarters after setting a new first-half record in India, Apple saw flat growth in the country in the company’s fourth fiscal quarter, CEO Tim Cook revealed on Thursday. The executive, while speaking with analysts in a conference call for the fiscal fourth quarter, said that he was a “big believer” in the…

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Apple Sees ‘Flat’ Growth in India, but CEO Tim Cook Is Still ‘Very Bullish’

A couple of quarters after setting a new first-half record in India, Apple saw flat growth in the country in the company’s fourth fiscal quarter, CEO Tim Cook revealed on Thursday. The executive, while speaking with analysts in a conference call for the fiscal fourth quarter, said that he was a “big believer” in the Indian market and “very bullish” on the country despite having current hardships. Apple CFO Luca Maestri highlighted during the call that the company recorded “strong growth” of Mac and iPad devices emerging markets including India. However, neither Cook nor Maestri specified the performance of iPhone models in the country. Some recent research reports mentioned that the iPhone range had a market share of about one percent in the country that is a growing market for a list of Android devices, especially with a strong domination of Chinese companies and Apple arch-rival Samsung.
Answering a question on the performance of Apple in emerging markets including India, Cook said that they’re seeing pressure. “To give you a perspective in of some detail, our business in India in Q4 was flat,” he said. “Obviously, we would like to see that be a huge growth.”
One of the major challenges that Apple is facing nowadays in India is the weakening value of rupee against the US dollar. However, Cook is optimistic about growth in the long term. “The currency weakness has been part of our challenge there [in India], as you can tell from just looking at the currency trends, but I view these as speed bumps along a very long journey, though,” he said. “And the long term I think is very, very strong there. There’s a huge number of people that will move into the middle class. The government has really focused on reform in a major way and made some very bold moves.”
It’s been several months since Apple began manufacturing some of its iPhone models in India. The company has also been in discussions with the Indian government with the aim to bolster its local presence in the country through Apple Stores. Cook asserted that the company had “great productive discussions” with the government that could eventually help establish stores in the country. “[T]here are import duties in some or most of the product categories that we’re in,” he stated. “In some cases, they compound, and this is an area that we’re giving lots of feedback on. We do manufacture some of the entry iPhones in India, and that project has gone well.”
“I am very bullish on the country and the people and our ability to do well there,” he added.
While it had flat growth in India probably due to contracted market share of its iPhone models, Apple sold over 46.9 million iPhones in the last quarter, slightly lower than analysts expectations of 47.5 million units, according to FactSet. The company also generated an overall quarterly revenue of $62.9 billion (roughly Rs. 4.58 lakh crores). This was majorly driven by the increased average selling price of the iPhone family that reached $793 (roughly Rs. 57,700).
Last month, Apple launched the iPhone XR as the most affordable model in the 2018 iPhone range. The new model has an iPhone X-like design and comes with a starting price of Rs. 76,900 in India. This is lower than the price of the two flagship models – iPhone XS and iPhone XS Max – that start at Rs. 99,900. This could help the Cupertino giant increase its market share over time.
Will iPhone XR Be the Perfect iPhone for India in 2018?
Alongside bringing the iPhone XR as the new affordable iPhone model, Apple has been promoting Indian talent on its services such as Apple Music and the App Store to expand its presence in the country. The company is also evaluating various retail initiatives to leverage the potential of the Indian market to mark growth in the long run.
Unlike its last quarter performance in India, Apple had a “very strong last quarter” in China. Cook said that the company had grown 16 percent, and iPhone emerged as a strong product with a “double-digit growth” was seen in the fiscal fourth quarter. However, the App Store in China saw a “slowdown or a moratorium” due to a new regulatory setup.

Will Apple ever launch reasonably priced iPhones in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts or RSS, download the episode, or just hit the play button below.

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Apple Watch Series 6, Apple Watch SE, iPad (8th Gen) Go on Sale via Apple Store Online in India

Apple Watch Series 6, Apple Watch SE, and iPad (8th Gen) are up for sale on the newly opened Apple Online Store in India. The official India store went live today, September 23, and offers a slew of Apple products, including the newly released Apple Watch Series 6, Apple Watch SE, and iPad (8th Gen).…

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Apple Watch Series 6, Apple Watch SE, iPad (8th Gen) Go on Sale via Apple Store Online in India

Apple Watch Series 6, Apple Watch SE, and iPad (8th Gen) are up for sale on the newly opened Apple Online Store in India. The official India store went live today, September 23, and offers a slew of Apple products, including the newly released Apple Watch Series 6, Apple Watch SE, and iPad (8th Gen). Apple launched the new Apple Watch modes and iPad models on September 15 during its Time Flies event. At the time, Indian availability was not disclosed, but interested shoppers can grab the new devices from the Apple Online Store.Apple Watch Series 6 price in IndiaThere are a variety of models for the Apple Watch Series 6. Starting with the GPS variants, you get the Sport Band with the aluminium casing models that come in Silver, Space Grey, Gold, Blue, and (PRODUCT) RED dial colour options. These cost Rs. 40,900 for the 40mm variant and Rs. 43,900 for the 44mm variant. The Nike Sport Band models come in Silver and Space Grey aluminium casings, both of which are priced the same as the regular Sport Band models.For the GPS + cellular variants of the aforementioned models, the price goes up by Rs. 9,000 for each on Apple Store Online.Next in line are the Silver Stainless Steel Case with Sport Band, Gold Stainless Steel Case with Sport Band, and Graphite Stainless Steel Case with Sport Band models, each of which cost Rs. 69,900 for the 40mm and Rs. 73,900 for 44mm variants. These variants are only available with GPS + cellular connectivity.The Silver Stainless Steel Case with Milanese Loop, Gold Stainless Steel Case with Milanese Loop, and Graphite Stainless Steel Case with Milanese Loop models are priced at Rs. 73,900 for the 40mm variant and Rs. 77,900 for the 44mm variant. These variants are also only available with GPS + cellular connectivity.Lastly, the Titanium Case (GPS + Cellular) with Sport Loop and Space Black Titanium Case with Sport Loop models cost Rs. 79,900 for the 40mm variant and Rs. 83,900 for the 44mm variant.Apple Watch SE price in IndiaThe Sport Loop Band and aluminium casing versions of the Apple Watch SE come in Silver, Gold, and Space Grey colours. The pricing for these is Rs. 29,900 for the 40mm variant and Rs. 32,900 for the 42mm variant. The Silver variant can be purchased with a Deep Navy strap, the Gold variant has a Plum colour strap, and the Space Grey variant has a Charcoal colour strap as well and these models cost slightly higher at Rs. 33,900 for the 40mm variant and Rs. 36,900 for the 44m variant.Just like the Apple Watch Series 6, there are Nike Sport Band models with the Apple Watch SE as well (Silver and Space Grey dials). The 40mm variant of these models costs Rs. 29,900 and the 44mm variant costs Rs. 32,900.These are the prices for the GPS only models and the GPS + cellular models are priced Rs. 4,000 higher.iPad (8th Gen) price in IndiaComing to the 8th generation iPad that was also launched at the Time Flies event, Apple is offering three colour options and two storage options. The Space Grey, Silver, and Gold variants with 32GB storage and Wi-Fi connectivity cost Rs. 29,900 while the cellular models cost Rs. 41,900. The same colour options with 128GB storage costs Rs. 37,900 for the Wi-Fi models and Rs. 49,900 for the cellular models.Apple is also offering financing options for all three products. Customers can get EMI options, as well as 6 percent discount on HDFC credit cards and credit card EMI.The new iPad Air will go on sale in October in the country, as per the Apple Store Online.Are Apple Watch SE, iPad 8th Gen the Perfect ‘Affordable’ Products for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

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Arm-Nvidia Deal: Britain Assessing Impact of Sale, Minister Says

Britain is assessing the impact of the sale of chip designer Arm to US company Nvidia, including commitments to keep its head office and staff in Cambridge, Eastern England, digital minister Caroline Dinenage said.”We are currently working very hard to understand the full impact of this move and what potential impact it may have on…

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Arm-Nvidia Deal: Britain Assessing Impact of Sale, Minister Says

Britain is assessing the impact of the sale of chip designer Arm to US company Nvidia, including commitments to keep its head office and staff in Cambridge, Eastern England, digital minister Caroline Dinenage said.”We are currently working very hard to understand the full impact of this move and what potential impact it may have on the future, and from there we are able to consider what steps we may wish to take,” she told lawmakers early on Tuesday.Nvidia, the biggest US chip company by market capitalisation, has agreed to buy Arm from Japan’s SoftBank for $40 billion (roughly Rs. 2,93,572 crores).Dinenage said ministers would consider commitments made by SoftBank and Nvidia to maintain Arm as a successful British business “incredibly carefully”, and the government had already had discussions with the parties involved.The decision whether to intervene in the deal would be taken by the secretary of state for digital, culture, media and sport after considering the relevant information, she said.Arm, the leading tech company in Britain, lost its independence in 2016 when it was sold to SoftBank after the Japanese conglomerate pledged to retain the company’s headquarters in Cambridge, England, and increase jobs.Nvidia’s CEO Jensen Huang has made similar commitments.Arm’s energy-efficient architecture underpins processors made by Apple, Samsung, Qualcomm and others, making the technology ubiquitous in smartphones as well as present in a host of other devices.© Thomson Reuters 2020Are Apple Watch SE, iPad 8th Gen the Perfect ‘Affordable’ Products for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

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iOS 14 Release Set for September 17, iPadOS 14, watchOS 7, tvOS 14 to Debut As Well

iOS 14 release date is out and is set for September 17. CEO Tim Cook revealed the release date of iOS 14 at Apple’s virtual event on Tuesday, where it brought the Apple Watch Series 6, Apple Watch SE, iPad 8, and the iPad Air 4 as its new hardware offerings. Apple unveiled iOS 14…

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iOS 14 Release Set for September 17, iPadOS 14, watchOS 7, tvOS 14 to Debut As Well

iOS 14 release date is out and is set for September 17. CEO Tim Cook revealed the release date of iOS 14 at Apple’s virtual event on Tuesday, where it brought the Apple Watch Series 6, Apple Watch SE, iPad 8, and the iPad Air 4 as its new hardware offerings. Apple unveiled iOS 14 as the next iteration in the iOS family at the virtually held WWDC 2020 in June. Alongside the latest iOS version, Apple is releasing iPadOS 14, watchOS 7, and tvOS 14 on September 17.iOS 14 release date, time in IndiaApple CEO Tim Cook at his virtual keynote on Monday said that iOS 14 release would take place on September 16 in the US. The Apple India website states that iOS 14 will release in India on September 17. iOS 14 compatible iPhone modelsThe iOS 14 update will be available for download on all iPhone models that are in the compatibility list of iOS 13. This means that iOS 14 will be compatible with the iPhone 6s, iPhone 6s Plus, iPhone SE, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus, iPhone X, iPhone XR, iPhone XS, iPhone XS Max, iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, and the iPhone SE (2020). Apart from all these iPhone models, the iOS update will also be compatible with the seventh-generation iPod touch.How to download iOS 14You can download iOS 14 on your eligible iPhone or iPod touch once it has reached your device by going to Settings > General > Software Update. It will also automatically be downloaded if you have already chosen that option on your device. We suggest you to back up your personal data before beginning the download process. Moreover, your device should have an adequate amount of battery charge, or be plugged in and charging, to carry out the update.iOS 14 featuresAs Apple announced at WWDC 2020, iOS 14 will be the “biggest update ever to Home Screen pages” and will bring a new space to organise apps into one view called the App Library. The iOS update will also carry redesigned widgets as well as a new interface for FaceTime, voice calls, and Siri interactions. Apple will also bring Picture-in-Picture support to your iPhone or iPod touch through iOS 14.Further, iOS 14 will come with an upgraded Messages experience where you’ll be able to pin any of your favourite conversations or get alerted on receiving messages in group threads through mentions and inline replies. Apple will also offer updates to preloaded Maps, Siri, and Safari apps.The iOS 14 update was also slated to bring the ability to let you opt out of in-app tracking. However, Apple delayed that particular privacy-focussed feature after facing some backlash from developers including Facebook. The company said in a statement that the requirement to use the tracking permission would go into effect early next year.iPadOS 14, watchOS 7, tvOS 14 releaseIn addition to the iOS 14 update, Apple is releasing iPadOS 14, watchOS 7, and tvOS 14 for all compatible devices later today. The new iPadOS will bring features such as redesigned sidebars, pull-down menus, and an enhanced search experience that works similar to macOS’s Spotlight pop-up search bar.For Apple Watch users, watchOS 7 brings customisable watch faces, activity rings for kids, various new complications, sleep tracking, and the ability to share watch faces. There is also a Family Setup to let you pair watches for your children and parents using your iPhone. Lastly, tvOS 14 brings Picture-in-Picture, multiuser support for gaming, and support for gaming controllers Xbox Elite Wireless Controller Series 2 and Xbox Adaptive Controllers.WWDC 2020 had a lot of exciting announcements from Apple, but which are the best iOS 14 features for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

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