Technology Giant, Apple’s CEO, Tim Cook revealed about the opening of four brand new retail stores in India as company sets all-time record in revenue generation. The CEO announced during the quarterly earnings call on Thursday.
The company observed 94.9 billion dollar revenue in July-September period marking a surge of 6 percent on Year-on-year basis.
iPhone sales rose in every geographic region, setting a category record, while Apple’s services saw a 12% revenue jump.
“We are thrilled with the enthusiasm in India, where we hit an all-time revenue record,” said Cook. He highlighted strong growth in both developed and emerging markets, with double-digit gains in Mexico, Brazil, the Middle East, India, and South Asia.
Currently, Apple has two retail stores in India, located in New Delhi (Saket) and Mumbai (BKC). Cook shared that the company is eager to add four more stores, emphasizing Apple’s commitment to education and the role of technology in empowering teachers and students.
Apple’s SVP and CFO, Luca Maestri, noted the company’s record-breaking September quarter. Meanwhile, Apple continues to benefit from India’s surging mobile manufacturing industry, with exports expected to exceed Rs 50,000 crore (over $6 billion) in the first half of FY25. Last fiscal year, Apple exported more than $10 billion worth of iPhones from India and assembled $14 billion in devices, with the company’s India operations reaching a total value of $23.5 billion.
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