Despite Apple’s record-breaking results globally for the quarter ending on December 25, the iPhone maker saw flat quarterly growth in the Indian market.
According to Sanchit Vir Gogia, Chief Analyst and Founder of Greyhound Research, “During the December quarter for 2020, there was pent up demand, as customers were still establishing their work from home set up etc, which would have dissipated by now. Thus explaining the lack of growth for the latest quarter.”
“Given the supply chain constraints that the company has faced, the fact that they are able to maintain sales comparable to the previous quarter is an achievement itself,” he added.Hindu Business Line
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