Apple iPhones in India log double-digit growth, says Tim Cook
Buyoed by iPhone 11 sales, Apple registered double-digit growth in India for iPhones in the holiday quarter (October-December period), the company`s CEO Tim Cook has announced. "We grew double digits in emerging markets led by strong performances in Brazil, mainland China, India, Thailand, and Turkey," Cook told analysts after declaring all-time high revenue for Apple`s fiscal 2020 first quarter that ended on December 28.
The revenue from iPhones in the holiday quarter was $56 billion globally. "Again, that`s up 8 per cent over a year ago, thanks to the exceptional demand for the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max. "In fact, iPhone 11 was our top-selling model every week during the December quarter, and the three new models were our three most popular iPhones," said a beaming Cook. Indians made a beeline to buy iPhone 11 that flew off the shelves in the festive season. The iPhone XR, launched last year, also did well. (Photo: Reuters)
Mac and iPad generated $7.2 and $6 billion globally in revenue, respectively. "For iPad, we saw growth in key emerging markets like Mexico, India, Turkey, Poland, Thailand, Malaysia, the Philippines, and Vietnam," said Cook.
"The high level of customer satisfaction and loyalty for both products drove the active installed base of both Mac and iPad to new records in all geographic segments," the Apple CEO added. (Photo: Reuters)
Apple posts record $91.8bn in sales for holiday quarter
Fueled by strong demand for iPhone 11 series, wearables and services, Apple has posted an all-time record for quarterly revenue at $91.8 billion, an increase of 9 per cent from the year-ago quarter. International sales accounted for 61 per cent of the revenue for its fiscal 2020 first quarter that ended on December 28, 2019. (Photo: Reuters)
"We are thrilled to report Apple`s highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for Services and Wearables," said Tim Cook, Apple`s CEO. "During the holiday quarter, our active installed base of devices grew in each of our geographic segments and has now reached over 1.5 billion," Cook said in a statement late Tuesday. (Photo: Reuters)
Apple reported an all-time net income record of $22.2 billion and generated operating cash flow of $30.5 billion. "We also returned nearly $25 billion to shareholders during the quarter, including $20 billion in share repurchases and $3.5 billion in dividends and equivalents," informed Luca Maestri, Apple CFO. (Photo: Reuters)