In a big development for Apple, CEO Tim Cook said that the company has made a new revenue record in India in the July-September period. The company has going ahead with strong double-digit growth in the country, which is next on Apple’s big manufacturing plans.
Apple posted a September quarter record revenue of $90.1 billion globally, up 8 per cent year over year. Annual revenue was $394.3 billion, also up 8 per cent year over year.
“Across nearly every geographic segment, we reached a new revenue record for the quarter and we continue to perform incredibly well in emerging markets with very strong double digit growth in India, South East Asia and Latin America,” Coll told the analysts during the company’s earnings call late on Thursday.
Apple last month confirmed it has kicked off the production of new iPhone 14 in India, a first for the tech giant as it narrows down the manufacturing period of new iPhones in India with China.
The locally-assembled iPhone 14 will go on sale in the country in the fourth quarter.
“The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be manufacturing iPhone 14 in India,” according to Apple.