Despite a slowdown in the global smartphone market and supply challenges, Apple posted its highest-ever revenue in India in the September quarter. The company’s CEO, John Ternus, disclosed this during the earnings call. However, he did not reveal the amount of revenue. Global revenue, meanwhile, rose to $114.5 billion, or around ₹10.80 lakh crore. This was approximately 12% higher than the $102.5 billion reported in the same quarter last year. For the full year, Apple posted record revenue of $479 billion, or around ₹45 lakh crore, compared with $416 billion last year. Apple’s September-quarter earnings in full iPhone upgrades drive record revenue in India The iPhone’s performance was the biggest driver of this growth in India. In particular, the number of users who upgraded from older iPhones to newer models was very high. Mac computers and the Services business also strengthened growth in India. Ternus described India as an important growth engine for the company’s global business. 4 Key Factors Behind Growth in the Indian Market Apple Pay Launched in India CEO John Ternus also said during the earnings call that the company had launched Apple Pay in India in partnership with Axis Bank. This will enable Indian iPhone users to make digital payments more securely and seamlessly. 2.5 Billion Apple Devices Active Worldwide Apple’s active installed base worldwide has reached an all-time high, with more than 2.5 billion devices. According to the company’s data, more than 50% of customers who bought an iPad or Apple Watch during this period were purchasing these products for the first time. Post navigation SBI profits rise 14% to ₹23,038 crore in Q2:Net interest income jumps 15%, bank shares gain 5% in a year IDBI employees on strike in Bhopal:Hold rally in MP Nagar, demand no privatisation of bank
