Apple posts flat growth in India in September quarter over weakening rupee

'Our business in India in Q4 was flat. Obviously, we would have liked to see huge growth,' Cook said

Apple is not growing in India at a pace its CEO Tim Cook would like it to. Cook, who has earlier called India a high-growth market with potential to match China in the next decade, admitted to analysts and investors on Thursday that the company’s growth in the second most populous nation remained flat in the quarter ended September.

Cook attributed Apple’s lacklustre performance in India and other emerging markets to weakening currencies, which forced the technology giant to raise prices of its devices in some markets. However, analysts say Apple’s growth woes in India are not limited to a