iPhone maker Apple said that India, as well as other emerging markets such as Vietnam and Latin America, achieved strong growth in the June quarter, driven by strong iPhone sales. Analysts said that Apple is expected to release its best annual performance in India since it began selling iPhones in the country.
“Today, Apple reported a very strong quarter. Our product and service categories and all regions achieved double-digit revenue growth. We set a new revenue record of $81.4 billion in the June quarter, compared to Last year, it grew by 36%, and most of the markets we track have achieved double-digit growth, especially in emerging markets, including India, Latin America and Vietnam.” Tim Cook. Apple’s chief executive said on Wednesday.
Cupertino-based June quarter revenue hit a record $ 81.4 billion, an increase of 36% year-on-year
According to data from CMR India, Apple has grown more than 140% year-on-year in the quarter. Apple iPhone 11 accounts for the majority of iPhone shipments and contributes more than 60% of total iPhone sales.
Pathak said that Apple now hopes to establish its best annual performance in India since it started selling the iPhone. Brands, including supply chain challenges and potential threats from the third wave of COVID.
The company reported net revenue of $ 21.7 billion, an increase of 93% over the same period in 2020.
In India, Apple has achieved record sales across all product categories for three consecutive quarters. According to data from Counterpoint Research, during January and March it was the number one high-end brand, with a 48% share of the mobile phone market above Rs 30,000, a year-on-year increase of 207%.