Apple Mac sales up in India! Tech giant posts $64 billion revenue in Q4
The tech giant, Apple has posted its Q4 2019 earnings with a 2 per cent year-on-year growth at revenues totalling USD 64 billion. The company also said it has established a new Q4 record in India despite falling iPhone sales globally.
The tech giant, Apple has posted its Q4 2019 earnings with a 2 per cent year-on-year growth at revenues totalling USD 64 billion. The company also said it has established a new Q4 record in India despite falling iPhone sales globally. The smartphone and computer maker has reported an all time revenue record for Mac in India.
According to the company, Mac revenue was at USD 7 billion, seeing around 5 per cent downfall compared to last year. However the company said that despite the tough compare and declining Indian PC market, it has posted all time revenue record for Mac in India for the fourth quarter this year.
Also more than 50% of the customers buying Macs during the quarter were new buyers and the active install base of Macs have reached an all-time high in the country. Additionally, there is a record Q4 revenue from its wearables in 'every single market' including India.
Apple CEO Tim Cook said, "In terms of emerging markets, we picked locally relevant prices. In other words, we tried to stay as close as we could to a local price point, which would be relevant to that particular market.''
He also signaled an optimistic note on the U.S.—China trade war that has affected Apple stock. “The tone around tariffs has changed significantly,” Cook said during an earnings call. Cook also said that Apple’s wearables business grew in every market around the world that it tracks.
However, the Apple is facing tough time selling iPhone in India due to high prices and competition from Chinese companies.
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