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Apple Witnesses Record Revenue in India, Mac Sales See Rise
Published : Aug 3, 2024, 5:32 pm IST
Updated : Aug 3, 2024, 5:32 pm IST
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Apple Witnesses Record Revenue in India, Mac Sales See Rise
Apple Witnesses Record Revenue in India, Mac Sales See Rise

Apple CFO Luca Maestri highlighted the strong performance of Mac products in India

Apple Revenue in India: In a significant development, Apple has witnessed a record revenue target in India and a dozen other countries during the quarter ending June 2024, said CEO Tim Cook during the company's earnings call on Friday.

“Today, Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 per cent from a year ago and better than we had expected. EPS grew double digits to $1.40 and achieved a record for the June quarter. 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,” he said. 

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Furthermore, Apple CFO Luca Maestri highlighted the strong performance of Mac products in India

“Mac generated $7 billion in revenue, up 2 per cent year-over-year, driven by the MacBook Air powered by the M3 chip. We saw particularly strong performance in our emerging markets, with June quarter records for Mac in Latin America, India, and South Asia,” Maestri said.

Reportedly, Apple's quarterly sales were dominated by its flagship iPhones at around $39.3 billion, down by 0.94 per cent as compared to the same period for last year.

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Similarly, the sales of Apple iPads and Mac PCs have gone through a turnaround and went upwards this quarter. Annually, Mac sales increased by 2.4 per cent to $7.01 billion, while iPad sales have also increased by 23.67 per cent to $7.16 billion.
 

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