Apple has reported its Q3 results, and during the earning call, Tim Cook acknowledged that India is a 'huge opportunity' for Apple and that the newly opened stores are exceeding the company's expectations.
The partnership with Acumen for Energy for Livelihoods Accelerator ties in to a tech giant’s much wider focus on environment and climate targets, which Apple CEO Tim Cook has already termed ‘non-negotiable’
Apple has banned Amazon, Bose, Devialet, Facebook, Foxconn, Alphabet/Google, Huawei, Intel, Lenovo, LG, Microsoft, Nest, Nokia, Panasonic, Samsung, Sony, Vivo, Xiaomi, Oppo and OnePlus from opening new stores in the exclusivity zone.
Apple s two proprietary stores in India have generated monthly revenues exceeding ₹22-25 crore each, surpassing the highest revenue recorded by any non-Diwali period electronics store in the country.