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Apple's India Surge: Record Revenue Fuels Growth
4 Nov
Summary
- Apple achieved record revenue in India during the September quarter.
- iPhone upgrades and Mac sales reached all-time highs in India.
- Services also saw record revenues in India, showing business diversification.
Apple Inc. reported record revenue in India for the September quarter, marking a significant expansion of its business beyond smartphones. The strong performance was propelled by an all-time high in iPhone upgrades and record sales for Mac computers and services within the country.
Company executives noted that India, alongside other emerging and developed markets, contributed to September quarter revenue records. This achievement underscores Apple's success in monetizing a growing user base across its product and service offerings, even amidst a challenging smartphone market.
Beyond iPhones, Apple's Mac computers and services segments also set new revenue records in India. This indicates a broadening of Apple's business model and a successful diversification strategy in one of the world's key emerging markets.
