Apple is very keen on India where it has seen record business during the December quarter with iPhone emerging as the top-selling smartphone model, a top company official said on Friday.
During the company’s earnings call, Apple CEO Tim Cook said India offers a huge growth opportunity for the company.
“We have had great results in the emerging market. I am particularly keen on India. India has set a December quarter record. iPhone was top selling in India for the quarter. It is the second-largest smartphone market in the world and third largest for PCs and tablets. So there is a huge market,” he said.
“We have a very modest share in these markets. I think there are lot of upsides there…,” Tim Cook said.
He said the company has announced plans to open more Apple stores in India.
According to Counterpoint Research, Apple led the India market in 2024 with 23 per cent share in terms of value of total smartphones supplied in the country.
In the December quarter, Apple had 11 per cent share in the Indian smartphone market.
Cook said Apple is expanding Apple Intelligence and will launch a localised English version in India in April.
On financial performance during the December quarter, Cook said Apple has registered an all-time record revenue of USD 124.3 billion, up about 4 per cent on a year-on-year (YoY) basis.
The company, however, posted a decline of about 7 per cent in net income to USD 36.33 billion during the October-December period from USD 33.91 billion a year earlier.
The product sales of the company grew 1.5 per cent to USD 97.96 billion from USD 96.45 billion and services sales grew about 14 per cent to touch record high quarterly revenue of USD 26.34 billion from USD 23.11 billion on a year-on-year basis.
The iPhone sales during the quarter declined marginally to USD 69.13 billion from USD 69.7 billion a year ago.
Sales of Apple’s Mac PC increased 15.5 per cent to USD 8.98 billion from USD 7.78 billion and iPad sales grew about 15 per cent to USD 8 billion from USD 7 billion on a year-on-year basis.
The company’s sales grew across all geographies except in China where it manufactures the majority of Apple products.
Apple sales in China declined 11 per cent to 18.5 billion during the December quarter from USD 20.8 billion a year earlier.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
