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Despite slowing iPhone sales, Apple revenue grows in “double digits” in India

In India, the growth of LTE, led by Jio, has contributed to a "huge opportunity" for Apple in the country, CEO Tim Cook said in an earnings call with investors and analysts. "Our growth rates [in India] are good, really good by most people's expectations," he added. "The 4G network investment really began rolling in in a significant way toward the last quarter of last year, as you know. But they are moving fast. They're moving at a speed that I have not seen in any other country in the world once they were started, and it is truly impressive." App store and services The App Store continued to rake in a lot of revenue for Apple and app developers. "The quarterly increase in the number of paying accounts was the largest that we've ever experienced," CEO Cook said. Citing an App Annie report, he added that the App Store had made generated twice the revenue of Google's Play Store in the March quarter. Apple Music and iCloud subscriptions, plus third party subscriptions on the App Store, exceeded 165 million. Apple did not provide a service-wise or territory-wise breakdown of numbers here. Apple Pay, Apple's mobile payments service, released in Taiwan and Ireland, bringing the total number of served markets to 15. Apple wants to introduce Apple Pay in India, per a report in The Ken, but a lack of sufficient NFC-enabled POS terminals is holding the launch back. Samsung Pay, which works with non-NFC terminals, was rolled out in…

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