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Apple sets iPhone and iPad revenue records in India, opening four more stores, says CEO Tim Cook

Economic Times

Economic Times · 9m ago

Apple sets iPhone and iPad revenue records in India, opening four more stores, says CEO Tim Cook

Apple reported record-breaking revenue in India for the quarter ending September 2024, with a 6% surge driven by strong iPhone sales. The company experienced growth in all geographic segments and set an all-time revenue record in India. Additionally, Apple plans to open four more stores in India in the coming quarters. The iPad category also achieved revenue records in India and saw double-digit growth in emerging markets. Apple is now the second-highest market share holder in India, trailing closely behind Samsung. The company's revenue for the September quarter reached $94.9 billion, beating analyst expectations.

Related News

Apple set December quarter record in India: CEO Tim Cook

Economic Times

Economic Times · 6m ago

Apple set December quarter record in India: CEO Tim Cook

Apple CEO Tim Cook highlighted the company's record-setting December quarter in India, marking a significant achievement in this emerging market. During an investor call, Cook announced plans to open four new stores in India, where the iPhone was the top-selling model. Despite stiff competition globally, Apple views India as a major growth opportunity, given its modest market share. The company reported $124.3 billion in revenue for the year-end holiday quarter.

Apple Sets Revenue Record In India Amid Global Slowdown

Inc42 · 1y ago

Apple Sets Revenue Record In India Amid Global Slowdown

Apple recorded record revenue in India during the March quarter, despite a 4% decline in overall revenue due to a decrease in iPhone sales. The company's CEO, Tim Cook, expressed satisfaction with the strong double-digit growth in India and emphasized the country's importance as a market. Apple has been expanding its operations and go-to-market strategies in India and recently opened new stores. Cook highlighted the significant opportunities in emerging markets like India, Mexico, Saudi Arabia, and Brazil, where Apple's market share is low but growing. In India, Apple's retail outlets recorded high revenues, and the company manufactured iPhones worth INR 1 Lakh Cr in 2023.

Tim Cook reportedly tells employees Apple 'must' win in AI | TechCrunch

TechCrunch · 23d ago

Tim Cook reportedly tells employees Apple 'must' win in AI | TechCrunch

Apple CEO Tim Cook emphasized the necessity for Apple to succeed in AI in a company-wide meeting, following a statement promising increased AI investment. Despite Apple's history of launching AI-powered features under "Apple Intelligence," delays have hindered upgrades to Siri. Cook acknowledged Apple's history of not being first with innovations but highlighted their success in redefining products like the Mac, iPhone, iPad, and iPod. Apple's AI endeavors aim to follow this pattern, seizing opportunities to lead.

Tim Cook on why Apple’s huge bets will pay off

Livemint

Livemint · 10m ago

Tim Cook on why Apple’s huge bets will pay off

Tim Cook, CEO of Apple, follows a philosophy of "not first, but best" when it comes to innovation. He believes in delivering great products that enrich people's lives, even if Apple is not the first to introduce a certain technology. Cook's daily routine revolves around using Apple products like the iPhone, Apple Watch, MacBook, and iPad. He recently praised Apple Intelligence, a feature that summarizes notifications and proofreads emails, noting that it has changed his life. Cook also expressed excitement about the potential of the Vision Pro, a sophisticated headset for spatial computing.

Tim Cook Says Apple’s India Revenue Highest In Dec Quarter Pushed By Increased iPhone Sales

Inc42 · 1y ago

Tim Cook Says Apple’s India Revenue Highest In Dec Quarter Pushed By Increased iPhone Sales

Tech giant Apple reported its highest revenue from India in the December quarter, driven by increased iPhone sales and higher adoption by enterprises. The company's India business recorded revenue of INR 49.3K Cr (almost $6 Bn) in FY23, a 48% increase from the previous year. Apple CEO Tim Cook highlighted the strong double-digit growth in revenue from emerging markets, with India showing consistent growth throughout the year. Apple also achieved revenue records in several other countries and regions, including Europe and the rest of the Asia Pacific.

Apple CEO Tim Cook teases major product launch on Feb 19! Is it iPhone SE 4 or latest MacBook Air? | Mint

Livemint

Livemint · 6m ago

Apple CEO Tim Cook teases major product launch on Feb 19! Is it iPhone SE 4 or latest MacBook Air? | Mint

Apple CEO Tim Cook announced a product launch on February 19, possibly unveiling the iPhone SE 4 and the M4 MacBook Air. The iPhone SE 4 may feature a flat-frame design, Face ID, the A18 chip, and enhanced camera capabilities. The MacBook Air is expected with an M4 chip and standard 16GB RAM. Additionally, Apple may update the base iPad with an A18 chip, introduce iOS 18.4 beta, and enhance the Vision Pro headset with PlayStation VR2 compatibility.

Apple boss Tim Cook visits Shanghai, with China sales under pressure

Economic Times

Economic Times · 1y ago

Apple boss Tim Cook visits Shanghai, with China sales under pressure

Apple CEO Tim Cook is visiting Shanghai, as per his Weibo post. He was seen walking along the Bund river with Chinese actor Zheng Kai and enjoying local breakfast. The purpose of his visit remains undisclosed, although it coincides with the opening of a new Apple retail store in Shanghai. This visit occurs amidst Apple's challenges with declining iPhone sales in China and increasing competition from local brands like Huawei.

Tim Cook hints at a new Apple ‘Air’ device coming this week: What to expect from the latest launch?

Livemint

Livemint · 5m ago

Tim Cook hints at a new Apple ‘Air’ device coming this week: What to expect from the latest launch?

Apple CEO Tim Cook hinted at the launch of a new 'Air' device this week, likely a new MacBook Air range, through a post on Twitter. Speculation surrounds upgrades like the M4 chip, increased RAM, and additional features for the MacBook Air. Alternatively, there are possibilities for new developments in iPad Air models or a slim iPhone version. Apple's strategic timing aligns with past launches, boosting anticipation for tech enthusiasts.

Tim Cook teases new Apple product with ‘There’s something in the Air’ video

Economic Times

Economic Times · 5m ago

Tim Cook teases new Apple product with ‘There’s something in the Air’ video

Apple CEO Tim Cook has teased a new product launch with a video post. The announcement likely involves a MacBook Air featuring the M4 chip and the iPad Air with the M3 chip. Expected improvements in the MacBook Air include increased RAM, enhanced performance with additional CPU cores, a better camera, and improved external display support. This follows the earlier iPhone 16e launch and resonates with the nostalgic 2008 debut of the first MacBook Air.

China commerce minister meets Apple's Tim Cook

Economic Times

Economic Times · 1y ago

China commerce minister meets Apple's Tim Cook

China's commerce minister, Wang Wentao, met with Apple CEO Tim Cook to discuss Apple's development in China and Sino-US economic and trade relations. The meeting followed the opening of Apple's new store in Shanghai, as the company faces challenges such as declining iPhone sales in China and competition from domestic brands like Huawei. Wang expressed that China is willing to collaborate with the US to create a fair and stable environment for business cooperation. Cook is expected to attend the China Development Forum in Beijing next week.

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