Our growth rates are good, really good by most people's expectations, maybe not mine as much. And so we're putting a lot of energy in, just like we have in other geos (geographies) that eventually wound up producing more and more. So I'm very excited about it,” Cook told analysts in an earnings call for the second quarter on early morning Wednesday.“We set a new March quarter record for India, where revenue grew by strong double digits. The company was leading the country’s premium segment, devices priced at Rs 30,000 and above, followed by overall market leader Samsung Electronics, but the scales flipped in the March quarter as per Counterpoint Research in favour of Samsung.India is important for Apple as growth in the US and China slows. During his maiden visit to India last year, Cook announced setting up of an app development center in Bangalore and opened up a development centre for Apple Maps in Hyderabad, with an investment of $25 million.

Source: Economic Times May 03, 2017 03:56 UTC