The massive tech earnings got here in on Thursday, with Amazon, Apple, Google and Fb collectively reporting a robust September quarter with a consolidated revenue of $38 billion.
These firms even have an ideal presence in India, and normally have essential commentary on the Indian market.
This is the large tech corporations’ India-focused commentary:
Apple CEO Tim Prepare dinner mentioned the corporate noticed a ‘report’ quarter in India pushed by the launch of Apple’s on-line retailer in India.
“We set a September quarter report in India, thanks partially to a really robust reception to this quarter’s launch of our on-line retailer within the nation,” Prepare dinner mentioned through the earnings name.
Apple launched the Apple Retailer on-line in India on September 23, 2020, and the corporate now presents its full vary of merchandise and assist on to prospects throughout the nation for the primary time.
Apple has been working in India for greater than 20 years, and the corporate claims that it’s ongoing funding and innovation assist virtually 900,000 jobs throughout the nation.
Amazon noticed the worldwide enterprise report a revenue for the second quarter in a row, with the corporate’s worldwide revenue at $407 million within the September quarter versus a lack of $386 million in the identical quarter in 2019.
Amazon’s worldwide enterprise is led by Europe, Japan and India.
“In India, we have had a really robust Prime Day and Diwali is off to a superb begin,” the Amazon administration mentioned through the earnings name.
Amazon India kicked off a month-long on-line sale occasion beneath its annual ‘The Nice Indian Pageant’ sale on October 17. Amazon additionally hosted its first Prime Day this yr globally in India on August 6-7, throughout which twice as many purchasers grew to become Prime members in comparison with the earlier yr, the corporate mentioned.
In India, Amazon introduced the growth of its operations community with 10 new achievement facilities, 5 new sortation facilities, practically 200 supply stations, and over 100,000 seasonal jobs to assist meet buyer demand
through the festive season.
On Prime Video, Amazon mentioned the corporate was seeing some “actually fascinating localised content material” creating in locations like India, Brazil, Mexico, Australia, UK and Spain.