NEW DELHI: Apple sets quarterly revenue records in India and more than two dozen other countries and regions with its June quarter revenue record of $85.8 billion, up 5 per cent.
The company also saw strong performance from its Mac products in emerging markets, including India, during the June quarter.
Apple set quarterly revenue records in India and more than two dozen other countries and regions for the third quarter ended June 29, CEO Tim Cook said on Friday.
“We also set quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand. And we set an all-time revenue record in services, which grew 14%,” he said during the June quarter earnings call.
The company reported quarterly revenue of $85.8 billion, up 5% year over year, and quarterly earnings per diluted share of $1.40, up 11% year over year. The iPhone remains Apple’s most important business, accounting for about 46% of the company's total sales during the quarter. iPhone revenue was $39.3 billion, a decrease of 1% year-over-year, though it grew on a constant currency basis. iPad revenue reached $7.2 billion, up 24% year-over-year, driven by the launch of the new iPad Pro and iPad Air. According to the company, customers are enthusiastic about the latest iPad lineup due to its new design, display, performance, and AI capabilities. In the wearables, home, and accessories category, revenue was $8.1 billion, down 2% from the previous year.
“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago," said Tim Cook, Apple’s CEO.
“During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of the iPhone, iPad, and Mac. We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives while leading with the values that drive our work.”
Regarding the Mac, which generated $7 billion in revenue, up 2% year-over-year, the growth was driven by the MacBook Air powered by the M3 chip.
Customers have responded positively to the latest M3-powered 13-inch and 15-inch MacBook Air models.
“We saw particularly strong performance in our emerging markets, with June quarter records for Mac in Latin America, India, and South Asia. The Mac installed base reached an all-time high, with half of MacBook Air customers in the quarter being new to Mac. And customer satisfaction for Mac was recently reported at 96% in the US," said Apple’s CFO Luca Maestri.