India

"The new frontier is Asia. In Asian countries and regions, including Taiwan, the Chinese region including Hong Kong, Korea, Indonesia, Singapore, and Vietnam, a tremendous amount of capital began to pour in from all over the world around the start of the 21st century. As a result, new industries emerged, regions prospered, and cities developed. Cities attracted people, economic activity became lively, and that in turn attracted more new investments. For people and companies who have ideas and motivation and are not afraid of hard work, Asia today is the same as California in the 19th century. While we Japanese were idly passing the time as if taking a nap during the lost two decades, the neighboring countries were undergoing remarkable transformations. This can be aptly called a "paradigm shift" in the economy. The Industrial Revolution allowed Britain to rule the center of the world. After World War II, the supremacy shifted to America. After Japan's bubble economy, the focus is shifting towards China and India, and other Asian countries, in the 21st century. Historically, China and India have not been at the center of the world only for a very short period. These cradles of civilization have had a massive influence on the world in terms of ideology, religion, academics, culture, and political systems. Of course, Japan is one of the countries that has been strongly influenced by them. If we unravel world history, the Western systems did not become global standards until after the Industrial Revolution."

"But Cook’s email to the board was a model of transparency relative to what he and Maestri would tell analysts on the earnings call just a few hours later. They informed Wall Street that Apple was expecting $89 billion to $93 billion of revenue in the holiday quarter, underwhelming investors. But they didn’t say a word about the muted sales of the XR, or the difficulties of forecasting, or that Cupertino now expected China revenues to shrink. Instead, they soothed investors with cheery sentiment. The obfuscation was brazen. Asked specifically about the XR, Cook replied that it’d been on sale for just five days so “we have very, very little data there.” Asked about “deceleration” in emerging markets including China, Cook said it was a “great question” and mentioned “we’re seeing pressure in… markets like Turkey, India, Brazil, Russia.” Then he switched to China, subtly moving from present tense—the nature of the question—and looked back a quarter: “In relation to China specifically, I would not put China in that category. Our business in China was very strong last quarter. We grew 16 percent, which we’re very happy with. iPhone in particular was very strong, very strong double-digit growth there.”"