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Gulf Press > Business > Apple CEO Tim Cook says India is now the top choice market for tech giants
Business

Apple CEO Tim Cook says India is now the top choice market for tech giants

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Last updated: 2024/05/05 at 6:21 AM
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India’s rapidly growing developer base has caught the attention of global tech giants, and Apple CEO Tim Cook is one of them. Cook expressed his satisfaction with India’s flourishing developer community, highlighting Apple’s comprehensive approach that includes developer support, market strategies, and operational efficiency. He praised Apple India’s double-digit revenue growth, setting a new March quarter record and described India as an “incredibly exciting market” and a major focus for the company.

The Minister of State for Electronics and Technology, Rajeev Chandrasekhar, shared a tweet quoting Tim Cook’s remarks on India’s growing base of developers. Cook emphasized Apple’s efforts in building a strong ecosystem in India, from developers to market operations, demonstrating the company’s commitment to the Indian market. He acknowledged the importance of producing in India for competitiveness and highlighted the active initiatives Apple has in place to strengthen its presence in the country.

India has become a top priority for global tech companies due to its abundant talent pool, cost-effective operations, and stable supply chain environment. The country’s rapid growth in revenue for Apple, Microsoft, and Meta has outpaced their global expansion rates, further solidifying India’s position as a key market for tech corporations. Cook emphasized the importance of operational efficiency and market initiatives in driving growth in India, recognizing the strategic significance of the country in the tech landscape.

Apple’s efforts to expand its presence in India include enhancing distribution channels and supporting the developer community. In 2023, Apple supported over a million developer jobs in India, with plans for further expansion and growth in the market. The company’s achievement of setting a six-month revenue record in India and other emerging markets reinforces the country’s importance in the global tech industry and showcases its potential for continued growth and innovation.

As the world navigates through an evolving era of geopolitical power dynamics, India has emerged as a beacon for global tech corporations seeking growth and opportunities. Cook’s remarks underscore the strategic value of India for Apple and other tech giants, emphasizing the need for a strong presence in the country to remain competitive in the global market. With India’s growing developer base, supportive ecosystem, and favorable business environment, the country is poised to play a significant role in shaping the future of the tech industry and driving innovation on a global scale.

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News Room May 5, 2024
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