Economy

Apple Posts Record Quarter Driven by India Revenue Growth

Hindustan Times58m
THE BRIEF
1

Apple reported a fiscal fourth-quarter global revenue increase of 12% year-on-year to $114.5 billion, accompanied by record financial results in India.

2

Chief Executive Officer John Ternus stated that iPhone revenue reached $57.6 billion and Services hit an all-time record of $31.6 billion during the September quarter.

3

Counterpoint Research noted that Apple's average selling price in India surpassed $1,000, supported by local manufacturing, trade-ins, and the launch of Apple Pay.