New Delhi, August 2, 2024 – Apple has announced its most profitable quarter yet, with India emerging as a key contributor to its overall success. The tech giant reported a staggering 5% year-over-year revenue growth, reaching $85.8 billion in the three months ending June 29. This impressive performance was driven by strong sales across multiple product lines and geographic regions.
A standout performer was India, where Apple set a new quarterly revenue record. The country’s burgeoning tech-savvy population has been a driving force behind the surge in demand for Apple products. The MacBook, in particular, has seen exceptional growth, with the newly launched MacBook Air, powered by Apple’s M3 chip, being a major sales driver.
Apple CEO Tim Cook expressed his enthusiasm for the company’s performance, highlighting India as a key market. “We’ve set quarterly revenue records in more than two dozen countries and regions, including India, which has shown exceptional growth,” Cook said in a statement.
The company’s Chief Financial Officer, Luca Maestri, echoed the sentiment, emphasizing the importance of emerging markets. “Our performance in emerging markets has been particularly strong,” Maestri stated. “India, along with Latin America and South Asia, has contributed significantly to our overall revenue growth.”
Apple’s success in India is a testament to its ability to adapt to local markets while maintaining its premium brand image. The company’s focus on innovation, coupled with its strong distribution network, has enabled it to capture a significant share of the Indian smartphone and computer market.
As India’s economy continues to expand and its middle class grows, Apple is poised to benefit from increased consumer spending. The company’s strong performance in the country is a clear indication of its long-term commitment to the Indian market.
With this record-breaking quarter, Apple has once again solidified its position as a global tech leader. The company’s ability to navigate economic challenges and capitalize on emerging market opportunities is a testament to its resilience and adaptability.
