Apple experiencing "pleasing growth" for iPhone in emerging markets
It's earnings day for Apple, and beyond just numbers it's also one of only a handful of days in the year we get to hear from such dignitaries as CEO Tim Cook and CFO Peter Oppenheimer. During the earnings conference call, Oppenheimer specifically referenced Apple's performance with iPhone in the emerging markets, describing "pleasing growth."
Specifically, Latin America, Russia, the Middle East and India were name dropped, while the deal with NTT Docomo over in Japan was also highlighted as a pleasing new area of growth for Apple in this past quarter. Emerging markets are the next big target for smartphones, and the likes of India has a huge number of potential iPhone owners, so it's great news for Apple that growth is on the up in these regions.
For more, be sure to follow our highlights from the Q4 Earnings conference call!