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regular-article-logo Tuesday, 07 May 2024

Apple's exports to India peak in July-September quarter, posts USD 89.5 billion in revenue

'We achieved an all-time revenue record in India as well as September quarter records in several countries, including Brazil, Canada, France, Indonesia, Mexico, the Philippines, Saudi Arabia, Turkey, the UAE, Vietnam and more,' Apple CEO Tim Cook said

Mathures Paul Calcutta Published 04.11.23, 11:51 AM
Tim Cook

Tim Cook Sourced by the Telegraph

Apple shipped the highest number of its devices to India in the July-to-September quarter, according to analyst firm Counterpoint.

The Cupertino-based tech giant reported worldwide revenues of $89.5 billion during the quarter against $90.1 million a year ago.

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“We achieved an all-time revenue record in India as well as September quarter records in several countries, including Brazil, Canada, France, Indonesia, Mexico, the Philippines, Saudi Arabia, Turkey, the UAE, Vietnam and more," Apple CEO Tim Cook said while announcing the quarterly results of the company.

iPhone revenue came in ahead of the company’s expectations, setting a September quarter record, Cook said.

Apple shipped more than 2.5 million iPhone units to India, analyst firm Counterpoint said on Wednesday.

But demand for Macs is down, which the company hopes to fix with the launch of the new M3-powered devices.

In response to a question on momentum in India, Cook said: “We had an all-time revenue record in India, we grew very strong double digits. It’s an incredibly exciting market for us and a major focus of ours."

"We have low share in a large market and so it would seem that there’s a lot of headroom there... We see an extraordinary market—a lot of people moving into the middle class... Lots of positives, we put two retail stores there and they are doing better than we anticipated—it’s still early going but they are off to a good start and I couldn’t be happier with how things are going at the moment.”

iPhone revenue was $43.8 billion, up 3 per cent year-over-year.

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