iPhone-maker Apple said the Indian market grew double digits in the June quarter along with other emerging markets like Latin America and Vietnam.
“Today, Apple is reporting a very strong quarter with double digit revenue growth across our product and services categories and in every geographic segment. We set a new June quarter revenue record of $81.4 billion, up 36% from last year, and the vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India, Latin America and Vietnam,” Tim Cook, Apple’s CEO said on Wednesday.
Cook said that results in these countries are for the entire line of products that the company has, suggesting that Apple has iPhones across price ranges, including the entry-level buyer.
“And keep in mind, we still do have SE in the line. We launched it a year ago, but it's still in the line today and is sort of our entry price point. And so I’m pleased with how all of them are doing and I think we need sort of that range of price points to accommodate the types of people that we want to accommodate,” he added.
The Cupertino-based posted June quarter record revenue of $81.4 billion, which is 36 percent higher year on year.
All the product and services lines for Apple, including the Apple iPhone, iPad, Mac as well as wearables including Apple Watch and HomePod saw increased revenue year on year.
The company reported $21.7 billion in net income, which is 93 percent higher than the same quarter in 2020. Sales also grew across the iPhone, Mac, iPad, wearables, home and accessories as well as the services including Apple Music and iCloud.
“Today, Apple is reporting a very strong quarter with double digit revenue growth across our product and services categories and in every geographic segment. We set a new June quarter revenue record of $81.4 billion, up 36% from last year, and the vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India, Latin America and Vietnam,” Tim Cook, Apple’s CEO said on Wednesday.
Cook said that results in these countries are for the entire line of products that the company has, suggesting that Apple has iPhones across price ranges, including the entry-level buyer.
“And keep in mind, we still do have SE in the line. We launched it a year ago, but it's still in the line today and is sort of our entry price point. And so I’m pleased with how all of them are doing and I think we need sort of that range of price points to accommodate the types of people that we want to accommodate,” he added.
The Cupertino-based posted June quarter record revenue of $81.4 billion, which is 36 percent higher year on year.
All the product and services lines for Apple, including the Apple iPhone, iPad, Mac as well as wearables including Apple Watch and HomePod saw increased revenue year on year.
The company reported $21.7 billion in net income, which is 93 percent higher than the same quarter in 2020. Sales also grew across the iPhone, Mac, iPad, wearables, home and accessories as well as the services including Apple Music and iCloud.
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