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Apple Doubled Its Business in India in Fiscal 2021, CEO Tim Cook Says

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Apple Doubled Its Business in India in Fiscal 2021, CEO Tim Cook Says

Apple CEO Tim Cook said on Friday’s company earnings conference call that Apple will double its operations in India in the 2021 fiscal year. The executive also said that nearly one-third of the company’s revenue this fiscal year came from emerging markets. Despite increasing progress in India, the Cupertino company failed to meet Wall Street’s expectations due to COVID-19 and its consequences in key markets, resulting in supply constraints.

Apple said its revenue for the fourth quarter ended September 25 was US$83.4 billion (approximately Rs 6,238 billion). Speaking to investors on the earnings conference call, 60-year-old Cook said: “We are optimistic about the future, especially when we see strong demand for our new products.” The executive did not disclose the factors that helped Apple achieve significant growth in India.

However, he did emphasize that the iPhone maker “has achieved double-digit growth in every region and set a September quarterly record in both developed and emerging markets.” It is worth noting that this is not the first time Cook has spoken vaguely about Apple’s growth in India and expressed optimism about further success in emerging markets. In January, he also stated that the company’s business in India had doubled in the previous quarter.

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He also informed that a “quarterly record” was achieved in the Indian market in October last year. Just before the country’s holiday season, Apple launched the iPhone 13 series to help reposition the iPhone 12 model. The repositioning also caused the price of the old iPhone to fall. Nevertheless, some market experts believe that Apple’s update is not the main reason for its success in the country. Faisal Kawoosa, founder and chief analyst of market insight company TechArc, said: “What will definitely change is the growth of all products in the luxury goods sector.” He added that even in the Indian smartphone market, sales in the luxury segment (Rs 50,000 and above as defined by TechArc) doubled in one year.

He said this is because the luxury equipment and product segments and even lower segments are not affected by the COVID-19 pandemic in many ways. The analyst also cited market insight to emphasize that Apple’s iPhone sales in India exceeded 3 million units last year alone, and it is expected to exceed 4 million units this year.

News Source : Gadgets 360

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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