Apple India sets record revenue driven by iPhone sales, plans 4 new stores

Quick Summary:

Apple played a major role in this value-led growth with a 22 per cent share, just behind market leader Samsung’s 23 per cent.

The company plans to expand its retail footprint in India.“We can’t wait to bring four new stores to our customers in India,” Cook added.

Apple posted an overall quarterly revenue of $94.9 billion, up six per cent year-on-year, and quarterly diluted earnings per share of $0.97.

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Category: BusinessFinance

Markets: IndiaBrazilFranceMalaysiaMexicoSaudi ArabiaThailandUnited Arab EmiratesUnited KingdomUnited States

Topics: IPhone sales Counterpoint analysis Apple stores in India Q4 earnings Premiumisation trend Apple iPhone sales Apple vs Samsung IPhone 15 Apple news Apple new stores in India India smartphone market Tim Cook Apple retail expansion Apple India revenue Diwali sales Latest news on Apple in India

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 17:49:04 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © Business Standard

News ID: 23364065

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