Apple’s India revenue hits a new high in September quarter

NEW DELHI: Apple reported an all-time revenue record in India yet again as higher sales of iPhones and demand for other products, such as iPads, MacBooks, and AirPods, saw the company continue its sales surge.
Announcing the company’s results for the Sept quarter, CEO Tim Cook reserved the now-customary words of praise for India, a market where it is not only expanding production but also its retail touch points across all channels – online as well as offline comprising multi-brand outlets, premium resellers and company-owned stores. “… we continue to be excited by the enthusiasm we’re seeing in India, where we set an all-time revenue record,” Cook said during the company’s earnings call.
The company reported an over 6% growth in global net sales to $95 billion during the reported period against $89 billion a year ago. However, it doesn’t give a separate break-up of India numbers. But while India fired all cylinders for Apple, its growth in the much-bigger Chinese market was almost flat during the quarter.
According to a Counterpoint Research report, Apple iPhone sales accounted for 22% of market share in value terms in the September 2024 quarter in India.