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Apple sets another quarterly revenue record in India: Tim Cook

by | Aug 2, 2024

New Delhi: Apple has once again set quarterly revenue record (April-June period) in India, riding on robust local manufacturing amid the government’s push and growing export figures.

Apple CEO Tim Cook said during the company’s Q3 earnings call that they have set quarterly revenue records in more than two dozen countries and regions, including India, Canada, Mexico, France, Germany, the UK, Indonesia, the Philippines and Thailand.

iPhone maker Apple achieved record exports numbers in the April-June quarter in India, reaching around $3.8 billion.

Riding on the government’s production-linked incentive (PLI) scheme, Apple reached a new all-time high in the Q1 FY25, according to industry data.

Apple reported a new June quarter revenue record of $85.8 billion, up 5 per cent from a year ago.

Luca Maestri, Senior Vice President and Chief Financial Officer, Apple, said that Mac generated $7 billion in revenue, up 2 per cent year-over-year, driven by the MacBook Air powered by the M3 chip.

“We saw particularly strong performance in our emerging markets, with June quarter records for Mac in Latin America, India, and South Asia,” he informed.

Prabhu Ram, VP-Industry Research Group, CyberMedia Research (CMR) told IANS that the iPhone 15 series continued to keep pace.

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