Apple's Cook sees a "tipping point" of growth in India.

On Friday, during Apple's quarterly earnings call, CEO Tim Cook lauded India's growing middle class, saying the country is at the "tipping point" of a strong growth trajectory. This came just weeks after Cook visited India to open the company's first two stores there.

While fielding questions from investors on a conference call in the United States, Cook was so confident that he brought up India nearly 20 times, citing the country's record sales among other markets. The market in India is up-and-coming. We put a lot of effort into it. I was just there; the market's energy and vitality are off the charts. He exclaimed, "It's great to be here at a time when so many people in India are entering the middle class."

The CEO of Apple, who reported $94.8 billion in global revenues for the March quarter, said the company set new records in the Indian market.

"Apple also has opportunities in services."

During a conference call with investors and analysts in the United States following Apple's global earnings announcement, CEO Tim Cook was optimistic about the country of India, saying

He mentioned the Apple Online Store, which first went live some three years ago, as an example of how the company has been growing its operations in India to accommodate a larger customer base. We're also working with some channel partners nationwide, and everything is swimmingly. In general, I am overjoyed and excited by the level of support for the brand I am witnessing there.

When asked how the Indian market today compares to China's ten years ago, Cook said, "Every country is different and has its journey." I try not to draw too many parallels. However, I do notice a growing middle class in India, and I'm optimistic that we can persuade a portion of that growing middle class to purchase an iPhone. But for the time being, things are going swimmingly.

He said that the market is very enthusiastic about Apple's products and that opening stores in Mumbai and Delhi has contributed to this. I witnessed it firsthand, and the excitement and enthusiasm of the customers, developers, creators, and team members I had the pleasure of interacting with was contagious. There is potential in all sectors, including the service industry. The average revenue per user (ARPU) for video and audio streaming services is obviously lower in India. But there's a good opportunity for everyone if you take a long-term view of things.