Apple CEO Tim Cook reports a nearly two-fold increase in Indian sales in the June quarter


Apple, the developer of the iPhone, reported record sales in both developed and emerging markets during the June quarter, and its revenue in India more than doubled during that time, according to Tim Cook, the company’s chief executive officer.

“We also had record sales in the June quarter in both developed and emerging markets, with double-digit growth in Brazil, Indonesia, and Vietnam, and sales that almost doubled in India. “We saw a lot of enthusiasm for our products and services, which led to our installed base of active devices reaching a new high,” Cook said during the company’s quarterly earnings call.

However, he did not disclose any numbers that were country-specific.

The Cupertino-based corporation on Thursday reported a June quarter sales of $83.0 billion, an increase of 2 percent over the same period last year and an increase of 3 percent over the same period last year for the iPhone.

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Despite supply constraints and negative effects, Mac produced revenue of $7.4 billion. Cook added, “We remain optimistic about our long-term opportunities with Mac and changing the PC experience with our constant innovation.” As an alternative, iPad sales were $7.2 billion, a 2 percent decrease from the previous year due to supply constraints and a negative foreign currency rate.

Apple’s services revenue was $18.6 billion, a 12 percent increase from the previous year. This was despite “almost 500 basis points of FX headwinds as well as impacts from our business in Russia and the macroeconomic environment,” the CEO said.

“The record success of our services portfolio in the June quarter illustrates the strength of our ecosystem on many fronts: First, our installed base has continued to grow, reaching an all-time high across each geographic area and key product category.” According to him, “We’ve seen an increase in client interaction with our services in the quarter.”

Apple’s premium subscriptions grew at a blistering pace during the year under review. The number of paid subscriptions on Apple’s platform has grown by more than 160 million in the previous year alone, CEO Tim Cook noted in an interview.

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