Apple breaks income report in India for the third consecutive quarter

Regardless of declining smartphone gross sales in India, Apple set one other income report in India. Saying quarterly outcomes for its fiscal 2024 third quarter, CEO Tim Prepare dinner revealed that the corporate set a brand new income report in additional than two dozen nations, India being one among them.

“We additionally set quarterly income data in additional than two dozen nations and areas, together with Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand,” Prepare dinner mentioned.

Apple posted quarterly income of $85.8 billion — up 5 per cent year-on-year.  

MacBooks, which often don’t have many takers in India’s market with poor demand for PCs, additionally fared properly. Apple CFO Luca Maestri additionally revealed that income from Mac units was up 2 per cent y-o-y. “We noticed significantly sturdy efficiency in our rising markets, with June quarter data for Mac in Latin America, India, and South Asia,” he mentioned. The Mac income, per Maestri, was pushed by the M3-powered MacBook Air.

Breaking down the quarterly revenues, Apple revealed that iPhone gross sales totalled $39.30 billion, barely down 0.94 per cent y-o-y. With the iPhone 16 sequence set to launch later in September, it was anticipated that the income from iPhone would barely drop. Traditionally, iPhone income within the third quarter is relatively low for Apple.

In distinction, Mac gross sales climbed 2.46 per cent to $7.01 billion, and iPad gross sales surged 23.63 per cent to $7.16 billion.