The company's CEO Tim Cook announced the opening of 4 new stores in India during the quarterly results.
Apple will open four more flagship stores in India in the coming months. Currently, Apple has one store each in Mumbai and Delhi. Company CEO Tim Cook announced this during the quarterly results. The company has taken this decision due to increased sales of iPhone.
Tim Cook said- iPhone sales have increased in every region, which has set new records globally. Record high revenue has also been recorded in India.
Cook said that Apple recorded $94.9 billion in revenue globally in the September quarter, which is 6% more than last year. iPhone revenue alone grew 6%.
Apple currently has 2 stores in India
Apple opened 'Apple BKC' store in Mumbai on 18 April 2023 and 'Apple Saket' store in Delhi on 20 April. Apple CEO Tim Cook had inaugurated both these stores.
8% increase in iPad revenue
Chief Financial Officer Luca Maestri said that apart from the iPhone, the company's iPad has also set revenue records in India. Globally it has increased by 8% year-on-year.
Luca said – In addition to growth in developed markets, we saw strong performance in several emerging markets with double digit growth in Mexico, Brazil, the Middle East, India and South Asia.
Apple expanded rapidly in small towns
Senior Research Analyst Prachir Singh said, Apple has expanded rapidly in small cities. Consumers are increasingly investing in premium smartphones. Apple remains the top choice for premium buyers due to its aspirational image.
Apple has 22% share of India's smartphone market
According to Counterpoint Research, Apple now has 22% of India's smartphone market by value, second only to Samsung. The launch of iPhone 16 before the festive season has boosted Apple's position.
iPhone exports worth $6 billion from India in six months
Recently, in a Bloomberg report, it was said that Apple has exported 'Made in India' iPhones worth $ 6 billion (about Rs 50,454 crore) from India in the six months between April and September.
This is one third (33%) more than the same period last year. By the completion of the current financial year (2024-25), the export figure can reach 10 billion dollars (about Rs 84,086 crore).
Graphics Source: VaskarAssets
