New Delhi: Apple posted a record revenue from its India operations while its overall revenue in the April-June quarter fell 1 percent, said Tim Cook in an earnings call with analysts.
The growth in Apple’s revenue from India operations was owing to its iPhone sales in the country.
While Apple did not declare the India-specific numbers, according to Counterpoint, India is now among the top five markets for Apple.
In 2022, Apple’s India iPhone shipments stood at about 7 million and the same is expected to increase to 9 million in 2023, according to analysts. Industry sources said that Apple is looking at doubling and trebling its growth and investments in the country in the coming years.
Despite improvement in iPhone sales in emerging markets like India, Indonesia, Mexico, the Philippines, Poland, Saudi Arabia, Turkey, and the UAE, overall iPhone, Mac, and iPad sales declined.
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