Blitz Bureau
NEW DELHI: Apple CEO Tim Cook said that the company saw a record growth in June-quarter in India, despite very significant constraints in the supply chain and forex headwinds.
Apple Company posted quarterly revenue of $109.4 billion, up 16 per cent year over year. Company gross margin was 50.1 per cent, including a favourable impact of approximately 2 percentage points from tariff refunds.
Diluted earnings per share was $2.02, up 29 per cent year over year, and included a favourable impact of $0.11 from tariff refunds.
“We achieved June quarter revenue records in every geographic segment. We were pleased to see strength across the board with June quarter records in the U.S., Latin America, Western Europe, India, China Mainland, Japan, and Southeast Asia,” said Cook.
Mac revenue was $10.4 billion globally, up 29 per cent year-over-year, a new June quarter record, driven by the strength of MacBook Neo and MacBook Pro.
Apple delivered another record revenue quarter in India, with Mac the standout performer — driven by a strong uptick in MacBook Neo adoption alongside continued robust demand for the iPhone 17 series, even as iPhone supply remained constrained in the country.
“As Tim mentioned, Mac had its best quarter ever for customers new to the Mac and for upgraders worldwide, including in the U.S., China Mainland, and India,” said Kevan Parekh, CFO, Apple.
According to industry experts, Apple has kept pricing largely stable, reflecting its ability to navigate rising memory costs.
