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

Quick Summary:

Apple is actively strengthening its position in India, where it currently holds just under 7 per cent of the smartphone market by volume but ranks second in value share at 22 per cent, according to Counterpoint Research.

Tim Cook emphasised that initial feedback for the iPhone 16 has been positive, surpassing the early performance of last year’s iPhone 15.“We’ve had great feedback from customers and developers already,” Cook noted.“We’re off to a good start.

China remains a critical market for Apple, yet fourth-quarter sales in the region fell slightly short of expectations, reaching $15.03 billion—below Visible Alpha’s forecast of $15.78 billion.

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Article Details

Category: BusinessFinance

Markets: IndiaBrazilChinaFranceSouth KoreaMalaysiaMexicoSaudi ArabiaThailandUnited States

Topics: Apple Q4 results Tim Cook Premium production AI-driven features IPhone 16 IPhone sales Smartphone market Apple stores India Apple Intelligence Apple India revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 10:42:24 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23360695

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