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Apple achieves record revenue in India: CEO
Business Standard
|November 02, 2024
Apple has achieved record revenue in India for the September quarter, driven by high demand for its latest iPhone models and strong iPad sales, Chief Executive Officer (CEO) Tim Cook announced during the company's Q4 earnings call on Friday.
The Cupertino tech major's performance was bolstered by double-digit revenue growth for its iPad in India, as well as in regions like Mexico, Brazil, the Middle East, and South Asia.
"We continue to be excited by the enthusiasm we are seeing in India, where we set an all-time revenue record," said Cook.
With India on the growth radar, the company plans to expand its retail footprint across the country.
"We can't wait to bring four new stores to our customers in India," Cook added.
Currently, Apple operates two flagship stores in India - Apple Saket in New Delhi and Apple BKC in Mumbai. Four new outlets are expected to open in Bengaluru, Pune, Mumbai, and Delhi-NCR.
Apple's strong quarterly results in India arrive at a time when the broader Indian smartphone market reported tepid volume growth, up just 3 per cent Y-o-Y during the festival season.
Bu hikaye Business Standard dergisinin November 02, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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