Apple’s revenue in India reached a record high within the December 2023 quarter, pushed by robust gross sales of iPhones, in accordance to Apple CEO Tim Cook.
The firm posted quarterly revenue of USD 119.6 billion, marking a 2 per cent year-over-year enhance. Revenue from iPhones particularly grew by roughly 6 per cent, reaching USD 69.7 billion. Apple’s lively system base surpassed 2.2 billion, setting an all-time high.
“India grew in revenue terms, grew strong double-digits in the December quarter, and hit a revenue record,” Apple CEO Tim Cook stated throughout Apple’s earnings name.
In addition to India, Apple reported record revenues in different rising markets, corresponding to Malaysia, Mexico, the Philippines, Poland, Turkey, Indonesia, and Saudi Arabia. Counterpoint Research famous that Apple led the Indian market when it comes to revenue in 2023, surpassing 10 million items in shipments.
While iPhone and repair revenue demonstrated optimistic progress, different segments skilled variations. iPad gross sales declined by about 25 per cent to round USD 7 billion within the December 2023 quarter. The Wearable, Home, and Accessories phase noticed an virtually 11 per cent decline to USD 11.95 billion. Mac PC gross sales remained almost flat at USD 7.7 billion.
On an annual foundation for the fiscal yr ended September 30, 2023, Apple’s internet revenue decreased by 2.8 per cent to USD 96.99 billion. Annual revenue declined by 2.8 per cent to USD 383.28 billion, with iPhone gross sales reducing by 2.3 per cent to USD 200.5 billion. Mac PC, iPad, and Wearables, Home, and Accessories segments additionally noticed annual declines. However, service revenue elevated by 9 per cent to USD 85.2 billion in FY’23.
(With PTI inputs)
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