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India continues to provide double-digit growth across all products, highlighting the market’s increasing significance for Apple, which announced an all-time worldwide revenue record in the December quarter.
Tim Cook, the CEO, called the quarter “terrific” for India, pointing out that Apple set quarterly revenue records for the iPhone, Mac, and iPad in the nation as well as an all-time high for services. He emphasized India’s size as the world’s fourth-largest PC market and second-largest smartphone market, noting that Apple’s market share is still small but offers a “great opportunity” for future expansion. Long-term potential is also supported by Cook’s observation that the majority of Apple consumers in India are first-time purchasers.
Apple reported $143.8 billion in revenue for the quarter, up 16% from the same period last year, while diluted earnings per share increased 19% to $2.84.
Apple’s installed base in India increased at a robust double-digit rate throughout the quarter, according to Chief Financial Officer Kevan Parekh. The iPhone 17 lineup drove a 23% year-over-year increase in iPhone revenue to $85.3 billion, with India setting a revenue record for the December quarter. Despite a difficult year-over-year comparison, Mac revenue was $8.4 billion, indicating growth in emerging economies like India.
