Apple has posted profits generated in the fourth quarter ending September 2024, with India boasting unprecedented revenue, according to Apple’s CEO, Tim Cook, on Friday, November 1.
In Apple’s Q4 earning call, Cook showed great positivity while speaking about ramped-up Apple sales in India, especially the iPhones, which hit an extraordinary revenue figure in the market.
“We remain very bullish on the level of excitement in India where we have achieved an all-time record in revenue,” Apple’s chief, Cook, said in reference to the importance of India as a market for Apple’s expansion. This goal has been greatly served by the sales of iPhones, which have been rising tremendously in India and are seen to be popular among the people.
Besides the iPhone, during the quarter, Cook unveiled that the Indian market is witnessing double-digit growth in iPad sales as well. This is similar to the developments in the country whereby the market holds a positive view of Apple products and services.
Additionally, Cook unveiled new plans Apple deployed to increase its retail stores across India with four new outlets. Apple operates two stores: Apple BKC in Mumbai and Apple Saket in New Delhi. These are new stores planned to launch in metropolises such as Bengaluru, Pune, Mumbai and the Delhi-NCR region, which are part of Apple’s ongoing expansion plan in the country. This, Cook stated to the delight of customers in India, means that Apple is ready to open four new stores for use, saying, “At Apple, we are on the lookout for customers, and it is our goal to offer the best in-store experience.”
In a broader view, Apple unveiled that it has achieved revenue growth from the iPhone in almost all the world areas. As Cook pointed out, “in the Americas, Europe, and rest of Asia Pacific segments, the particular quarter records of segment revenues have been achieved, not to mention many countries such as United States, Brazil, Mexico, France, UK, Korea, Malaysia, Thailand, KSA, and UAE”.
Join our whatsapp group for Latest updates