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: IndiaBrazilChinaFranceMalaysiaMexicoSaudi ArabiaThailandUnited States

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

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Article Type: News Report

Published On: 2024-11-01 @ 17:49:04 (2 weeks 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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