Apple achieves record-breaking revenue in India, hailed by Tim Cook as an exceptionally thrilling market.
During a call with investors, Tim Cook, the CEO of Apple, announced that the company has achieved its highest-ever revenue milestone in India. Cook expressed his satisfaction with Apple’s performance in the Indian market.
Earlier this year, Apple’s debut of its first stores in India garnered significant attention. The opening of these stores in Mumbai and Delhi attracted a multitude of tech enthusiasts. Apple CEO Tim Cook himself visited India during this period and personally inaugurated the stores. In an interview with India Today Tech, Cook expressed the Cupertino-based tech giant’s commitment to delivering its finest offerings in India. He also emphasized that India was on the verge of a breakthrough and Apple remained optimistic about the potential of AI. Recently, during an investor’s call, Cook reiterated his focus on the Indian market and announced that Apple has achieved record-breaking revenue in India.
Apple CEO Tim Cook on Tech Giant Apple’s revenue record in India
Regarding the Apple stores in India, the initial store was established in Mumbai at the Jio World Drive mall, Bandra Kurla Complex (BKC). On April 18, the store’s inauguration attracted a significant crowd of Apple enthusiasts who patiently waited in line. A few days later, the second store was launched in New Delhi at Select Citwalk Mall, Saket. Once again, a substantial number of fans gathered outside the store, displaying their eagerness to explore its offerings.
Indians bought more iPhones than ever in 2023
During the same investor’s call, Luca Maestri, Senior Vice President and Chief Financial Officer at Apple, disclosed that iPhone revenue in India reached an unprecedented USD 43.8 billion this year. This remarkable achievement represents a significant increase of 3 per cent Year-over-Year and establishes a new September quarter record. Notably, Apple experienced robust growth in various markets, with India standing out as the highest revenue-generating market. Additionally, the September quarter witnessed record-breaking performance in Canada, Latin-America, the Middle-East, and South Asia. Furthermore, the fiscal year 2023 witnessed a surge in the iPhone active installed-base, reaching an all-time high and solidifying another successful year for Apple’s switches.
Luca Maestri, Senior Vice President and Chief Financial Officer at Apple, shared during the investor’s call that the revenue generated by iPhone sales in India reached an unprecedented USD 43.8 billion this year. This remarkable achievement represents a 3 per cent Year-over-Year increase and establishes a new September quarter record. Apple’s success extended beyond India, with the company delivering strong performance in various markets. Notably, Canada, Latin-America, the Middle-East, and South Asia all experienced record-breaking revenue in the September quarter. Moreover, Apple’s fiscal year 2023 witnessed a surge in the iPhone active installed-base, reaching an all-time high and marking another successful year for Apple’s switches.
During the investor’s call, Luca Maestri, Senior Vice President and Chief Financial Officer at Apple, unveiled that iPhone revenue in India reached an unprecedented USD 43.8 billion this year. This outstanding achievement represents a 3 per cent Year-over-Year increase and establishes a new September quarter record. Apple’s success was not limited to India, as the company delivered strong performance in several markets. Notably, Canada, Latin-America, the Middle-East, and South Asia all experienced record-breaking revenue in the September quarter. Additionally, Apple witnessed a surge in the iPhone active installed-base during fiscal year 2023, reaching an all-time high and solidifying another successful year for Apple’s switches.