Apple posts all-time revenue record in India in September quarter

Apple Inc. hit an all-time revenue record in India during the September quarter, marking another milestone in its expansion in the world’s second-largest smartphone market.

Apple CEO Tim Cook said the company achieved growth in most of its tracked markets and recorded September quarter revenue highs across regions, including the US, Canada, Latin America, Western Europe, the Middle East, Japan, Korea and South Asia.

“We also set a September quarter revenue record in emerging markets and an all-time revenue record in India,” Cook said during the earnings call.

The Cupertino-based technology giant reported a quarterly revenue of USD 102.5 billion, up 8% year-on-year.

“Today, Apple is very proud to report a September quarter revenue record of USD 102.5 billion, including a September quarter revenue record for iPhone and an all-time revenue record for Services,” Cook said.

The company, which has been aggressively expanding its footprint in India, recently opened new retail stores in Mumbai and Delhi.

“In the last few months, we’ve opened new stores in emerging markets like India and the UAE and new locations in the US and China,” Cook said, adding that Apple was heading into its busiest time of the year with its best-ever lineup.

The quarter also saw the launch of the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and iPhone Air, alongside AirPods Pro 3 and a refreshed Apple Watch lineup.

The company recently unveiled new MacBook Pro and iPad Pro models powered by its latest M5 chip.

Apple Chief Financial Officer Kevan Parekh said iPhone revenue came in at USD 49 billion, up 6% from a year earlier, buoyed by the strong performance of the iPhone 16 series.

“iPhone grew in the vast majority of the markets we track, with September quarter records in many emerging markets, including Latin America, the Middle East, and South Asia, and an all-time record in India,” Parekh said. “The iPhone active installed base grew to an all-time high, and we set a September quarter record for upgraders.”