Skip to content
Search

Latest Stories

India helps Apple to post record revenue

India helps Apple to post record revenue

TECH GIANT Apple has reported strong growth in India for the fourth consecutive quarter, in line with the company's overall growth in the June quarter.

Apple has been growing its sales in India over the past year, on the back of its own retail store and growing demand for older iPhones, the Mint reported.


Driven by better-than-expected iPhone sales, total revenue hit $81.43bn in June quarter. Earnings were $1.30 per share, above estimates of $1.01 per share.

Apple has reported $21.7 billion in net income, which is 93 per cent higher than the same quarter in 2020.

Apple's strongest sales growth came from China, where Chief Executive Tim Cook said that customers are buying up accessories such as the Apple Watch to pair with their iPhones. China sales grew 58 per cent to $14.76bn in the fiscal third quarter ended June 26.

“We set a new June quarter revenue record of $81.4 billion, up 36 per cent 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," said Cook.

“Those results are for the entire line of products that we have. 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 that countries including Mexico, Brazil, Chile, Turkey, UAE, Poland and Czech Republic also contributed greatly to the sales growth.

The Apple iPhone sales, which includes the iPhone 12 series and the iPhone SE, clocked $39.5bn in net sales, which is up from $26.4bn compared with June last year.

The Mac sales have certainly reaped the rewards from the excitement around the Apple M1 chip upgrade, clocking $8.2bn in net sales, which is up from $7bn during the same period last year, the company said.

Services in particular continues to grow, up from $13.1bn in the same quarter in 2020 to $17.4bn this year, it added.

More For You

Amazon

Amazon prepares to enter the satellite internet race in 2026

iStock

Amazon prepares to enter satellite internet race in 2026

  • Amazon Leo set for mid-2026 launch with focus on rural internet access.
  • Faster speeds promised, but satellite rollout still lags behind rivals.
  • Strong enterprise demand contrasts with tight regulatory deadlines.

The race to dominate satellite internet is entering a new phase, with Amazon preparing to launch its long-delayed service, Amazon Leo, by mid-2026. Positioned as a rival to SpaceX’s Starlink, the project is being pitched as a solution for underserved regions still struggling with poor or no connectivity.

Chief executive Andy Jassy said the company is “on the verge” of launching the service and has already secured commitments from enterprise and government clients, as quoted in a news report. The rollout is expected to begin in the US before expanding to markets including the UK, Canada, France and Germany.

Keep ReadingShow less