Apple posted an all-time revenue record in India during the September quarter, with growth across iPhone, Mac and services businesses, CEO John Ternus said, underscoring the country's growing importance to the company's global operations.
Speaking at the iPhone maker's September-quarter earnings call, Ternus said the company set September quarter revenue records in both developed and emerging markets, in addition to an all-time record in India. India was among the markets where Apple recorded its highest-ever number of iPhone upgraders, as the company reported its best fiscal year ever for upgrades globally.
iPhone revenue stood at $57.6 billion for the September quarter, up 17 percent year-on-year despite supply constraints and foreign exchange headwinds. Apple also recorded strong double-digit growth in the US and Greater China, setting quarterly revenue records in both markets.
Apple's Mac revenue rose 24 percent to $10.8 billion globally, driven by demand for the MacBook Neo and MacBook Pro despite supply constraints. Apple's services business achieved an all-time revenue record, with revenue increasing 10 percent year-on-year to $31.6 billion. The company reported all-time revenue records in most markets it tracks, including India and Latin America.
Ternus also highlighted the launch of Apple Pay in India through a partnership with Axis Bank, bringing a seamless, safe and secure way to pay in one of the biggest markets in the world. Today, Apple Pay is available in over 90 markets, giving customers around the world peace of mind built into every transaction.
Even in a tougher smartphone market, users are willing to stretch their budgets for Apple products, said Counterpoint Research's Tarun Pathak, who noted India is transitioning from being primarily an iPhone growth market to a broader ecosystem market for Apple.
