Apple has announced its quarterly results and has set the highest revenue record in its history. During the investor call, Apple CEO Tim Cook said the company is excited about India. Cook revealed that Apple has set the highest ever iPhone revenue record in India. Not only this, he also said, “We ourselves are excited by the enthusiasm we are seeing in India where we have created the largest revenue record ever recorded.”
Apple didn’t make good money just from the iPhone. Cook also said that the iPad’s performance in India has been quite good. According to Cook, the iPad has achieved double-digit growth in India.
During the call, Cook also confirmed that Apple will expand its retail presence in India. “We hope to open four new stores for customers in India,” said Apple’s CEO. Apple currently has two stores in India: Apple BKC in Mumbai and Apple Saket in New Delhi. Four new stores are expected to open in Bengaluru, Pune, Mumbai and Delhi-NCR. Apple revealed its expansion plans last month and now Cook has confirmed the same.
Apple’s iPhone revenue has grown in almost every geographic region. Cook said: “We reported strong September quarter segment revenue in the rest of the Americas, Europe and Asia Pacific, as well as several countries, including the United States, Brazil, Mexico, France, the United Kingdom, Korea, Malaysia, They have achieved records in Thailand, Saudi Arabia and the United Arab Emirates.”
Apple posted record revenue of $94.6 billion, up 6% from last year. In total, Apple’s product revenue amounted to $70 billion. The company revealed in its quarterly results that revenue from the iPhone alone approached $46 billion.
