New Delhi, May 1 -- Apple CEO Tim Cook reported an 18th consecutive record quarter in India during his penultimate earnings call before handing the reins to John Ternus. Speaking during the post-March analyst briefing, Cook, who is set to lead one final quarterly call in June, described himself as "over the moon excited" about the Indian market.

In the early hours of Friday, India time, Apple reported $111.2 billion in quarterly revenue, which the company said was a March-quarter record. While the iPhone maker does not reveal country-wise revenue figures, Cook said the latest quarter was also a record for Apple in India, with double-digit revenue growth.

The statistic is especially significant as India's smartphone market suffered a sig...