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Apple's iPhone shipments in India have exceeded $10.7 billion in 2024, surpassing FMCG giants like HUL and Nestle, while widening its lead over Samsung for the second consecutive year
Apple earned a record $8 bn in India in FY24 (2% of global revenue), while Greater China, including Hong Kong, Macau, and Taiwan, contributed $66.95 bn (17% of global revenue)
According to the Indonesian government, Apple has only invested 1.5 trillion rupiah ($95 million) in the nation via developer academies
"We continue to be excited by the enthusiasm we are seeing in India, where we set an all-time revenue record," said Cook
The iPhone wasn't the only high-performing product; Cook mentioned that iPad sales in India saw strong performance as well, achieving double-digit growth in the quarter ending September
iPhone 16 Pro and Pro Max have seen fewer pre-orders compared to their predecessors, while the base iPhone 16 models are experiencing increased demand, according to analyst Ming-Chi Kuo
The two companies aren't in discussions about using Meta's Llama chatbot in an AI partnership
The iPhone accounts for the vast majority of such devices, and its rapid bounceback comes after it registered growth in March following steep declines in the first two months of the year
Around 7-9% of Apple's sales in its two company-owned stores were cash transactions, compared to less than 1 per cent or even none at all observed in its stores in the US or Europe
In the letter to the judge, Apple said the DOJ relies on a new theory of antitrust liability that no court has recognized.
Vivo secured a market share by volume of 19 per cent as against 17.5 per cent year-ago, driven by its leadership in 5G technology
All four models in the iPhone 15 series made it to the global top 10 most selling smartphones list in Q1, 2024, according to a report from market analytics firm Counterpoint Research
Apple CEO Tim Cook mentioned Apple's efforts to expand its presence in India, including increasing its distribution channels and developer community
American tech giant does not have a manufacturing base in Indonesia, where iPhones and Apple computers have a strong following
Average selling prices for handsets are rising, as consumers increasingly opt for premium models that they intend to hold on to for longer, IDC's researchers found
His visit comes after the iPhone maker announced that it would open a new retail store in the heart of the Chinese financial hub on Thursday
iPhone maker Apple's revenue grew in double-digits and hit a new record in December 2023 quarter on strong iPhone sales, a top official of the company said on Friday. "India grew in revenue terms, grew strong double-digits in the December quarter and hit a revenue record," Apple CEO Tim Cook said during Apple's earnings call. Apple posted quarterly revenue of USD 119.6 billion, up 2 per cent year-over-year, and its installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. The company's revenue from iPhone grew by about 6 per cent to USD 69.7 billion in the reported quarter, from USD 65.77 billion. The company saw all-time high revenues in other emerging markets as well including Malaysia, Mexico, the Philippines, Poland and Turkey, Indonesia, Saudi Arabia etc, Cook added. According to market research firm Counterpoint Research, Apple led the India market with highest revenue in 2023 for the first time, wh
The iPhone ranked first in shipments in the fourth quarter and 2023 overall, market tracker IDC said
The iPhone maker's latest generation got off to an atypically sluggish start in China last year, which most recently expanded to a 30 per cent year-on-year decline
Coming into 2024, Apple was the big tech stock with the least number of bullish recommendations