City
Epaper

Apple posts record sales in India, Mac growth at all-time high

By IANS | Updated: October 31, 2019 10:25 IST

Apple registered a new record in India in its fiscal Q4 quarter and the company generated an all-time revenue record for the Mac desktops in the country, it has announced.

Open in App

The July-September period saw Apple log record revenue in the country and is set to break the numbers in its fiscal 2020 Q1 (October-December period) as iPhone 11 series has witnessed stupendous response from the Indian buyers.

"Despite the tough compare, we generated an all-time revenue record for Mac in the US and in India and a fourth quarter revenue record in Japan," Luca Maestri, Senior Vice President and Chief Financial Officer, told analysts over the earnings call late Wednesday.

"More than half of the customers purchasing Macs during the quarter were new to Mac, and the active installed base of Macs again reached a new all-time high," he added.

"At a country level, we established new Q4 records in many major developed and emerging markets, including India," he added.

India is back on Apple's growth trajectory after some dull quarters in the past.

In a big impetus for its India manufacturing dream, Apple has started production of its highly successful iPhone XR at its supplier Foxconn's facility in Sriperumbudur, Chennai.

Apple iPhone shipments grew 19 percent (YoY) in India in its last reported quarter.

Apple in August said it looks forward to welcoming customers at its first branded retail store in India soon.

Reiterating that India is an important market for Apple, CEO Tim Cook recently said the current iPhone manufacturing will see maximum growth in the days to come amid the renewed push to open its branded retail stores in the country.

During the earnings call on Wednesday, Cook said: "The ECG app now available in 32 markets including India has become a widely celebrated illustration of Apple's commitment to your health giving users the ability to document and monitor the functioning of their heart and provide critical data to their doctors.

For Cook, India has been a very important market in the long-term.

( With inputs from IANS )

Tags: indiaappleTim CookMACLuca Maestri
Open in App

Related Stories

CricketIndia vs South Africa 2025 Schedule: Full List of Matches, Dates, Venues and Fixtures

TechnologyOpenAI Offers ChatGPT Go Free for a Year in India; Check All the Features Users Can Now Access

NationalGolden Power: Indian Women Now Hold 24,000 Tonnes of Gold, Outshining Global Investors

MumbaiMumbai Man Pursuing PhD in US Booked for Sexually Abusing Woman on False Promise of Marriage

LifestyleCreative Rangoli Designs for Dhanteras and Diwali 2025 to Welcome Goddess Lakshmi

टेकमेनिया Realted Stories

TechnologyPiyush Goyal engages with global leaders, outlines 3 pillars to boost partnerships

TechnologyPune Labour Commissioner summons TCS over multiple layoff complaints by NITES

TechnologyIITF 2025: IT Ministry showcases India's inclusive AI initiatives

TechnologyNLDSL, Andhra Pradesh join hands to develop dashboard on state’s logistics operations

TechnologyIndian biosphere reserves testament to how culture, sustainable development can coexist