Apple's CEO, Tim Cook, announced on Friday that the company achieved record revenue growth in India and over two dozen other countries in the quarter ending on June 30, 2024.
In the June quarter of 2024, Apple's net income grew by 7.8 per cent to reach USD 21.44 billion compared to USD 19.8 billion in the same period the previous year.
During the reported quarter, the company's total net sales increased by 4.8 per cent to USD 85.77 billion from USD 81.79 billion in the June quarter of 2023.
"Apple is reporting a new June quarter revenue record of USD 85.8 billion, up 5 per cent from a year ago and better than we had expected. 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," Apple CEO Tim Cook said during the company's earning call.
Apple's income from the 'Rest of Asia Pacific' region, comprising India, Indonesia, the Philippines, and Thailand, increased by USD 760 million in the June quarter compared to the same period last year.
Apple's iPhone sales dropped one per cent to USD 39.29 billion during the quarter, down from USD 39.66 billion a year earlier.
Apple's Mac sales saw a 2.4 per cent increase to over 7 billion from USD 6.8 billion, while iPad sales rose by 24 per cent to USD 7.16 billion from USD 5.8 billion year-over-year.
"Mac generated USD 7 billion in revenue, up 2 per cent Y-o-Y, 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," Apple Chief Financial Officer Luca Maestri said.
He said Mac installed base reached an all-time high, with half of MacBook Air customers in the quarter being new to Mac.
Apple's sales of Wearables, Home, and Accessories declined about 2 per cent to USD 8 billion from USD 8.28 billion a year ago.
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