Apple CEO Tim Cook: emerging markets including Vietnam posted double digit growth

July 28, 2021 | 16:21
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Apple CEO Tim Cook has shared the brand's growth performance in emerging markets including Vietnam during the company's earnings call in the third quarter of 2021.
Apple CEO Tim Cook: emerging markets including Vietnam posted double digit growth
Apple CEO Tim Cook shared very positive performance in emerging markets including Vietnam. Photo: Getty

"We set a new June quarter revenue record of $81.4 billion, up 36 per cent from last year, and the vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India, Latin America and Vietnam," said Apple CEO Tim Cook said during the earnings call.

He pointed out that, “We had an incredible quarter for the emerging markets in the third quarter. We set June quarter records in Mexico, Brazil, Chile, Turkey, the United Arab Emirates, Poland, Czech Republic, India, obviously in China as I talked about before, Thailand, Malaysia, Vietnam, Cambodia, Indonesia... Those results are for the entire line of products that we have."

Currently, Apple's lineup includes iPhone SE, iPhone 11, iPhone XR, and the entire iPhone 12 lineup.

For April, May, and June, Apple recorded revenue of $81.43 billion, up 36 per cent on-year. According to the company, it made a profit of $21.74 billion in this quarter. The earnings-per-share in this quarter was registered at $1.30.

Since June 4, Apple has posted 15 job advertisements in Vietnam on its official recruitment website. Previously, on May 21, the company was also looking for a regional manager in Ho Chi Minh City. The recruitment reflects Apple's intention to develop its supply chain in Vietnam.

Indeed, Apple has been increasingly using more suppliers from Vietnam in the past two years. According to the latest Apple annual supplier list, the tech company had 21 suppliers in Vietnam in 2020, higher than the 14 in 2018.

Some notable names in the list include Compal Electronics Incorporated in Vinh Phuc, GoerTek Incorporated and Samsung Electronics in Bac Ninh, Foxconn and Luxshare Precision Industry in Bac Giang, LG Display and LG Innotek in Haiphong, Intel Corporation in Ho Chi Minh City, as well as Sharp Corporation.

By Thanh Van

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