Apple’s first $100 billion quarter got here with a big contribution from India the place it bought over 1,000,000 units for the primary time fuelled by the recognition of iPhone 11 and iPhone XR. The firm posted all-time report income of $111.4 billion, up 21 per cent yr over yr with the brand new iPhone 12 and iPads contributing considerably to the numbers.
Speaking to analysts after the outcomes, Apple CEO Tim Cook spoke concerning the market enlargement: “This is particularly the case in some of the emerging markets where we’re proud of how we’ve done… If you take India for example, we doubled our business last quarter compared to a year ago but our absolute level of business there is still quite low relative to the size of the opportunity.”
Speaking notably about India, Cook later stated whereas in India Apple’s market share is ‘quite low’, “it did improve from the year ago quarter, our business roughly doubled over that period of time, so we feel very good about the trajectory.”
The launch of Apple’s on-line retail retailer in India has opened up the Indian market considerably for Cupertino.
He cited causes for this progress: “We are doing a number of things in the area, we put the online store there for example, and last quarter was the full first quarter of the online store and that has gotten a great reaction to it and has helped us achieve the results that we got to last quarter. We are also going in there with retail stores in the future and so we look to that to be another great initiative, and we continue to develop the channel as well.”
This progress has been recorded by many analysis corporations, together with Cyber Media Research which not too long ago stated Apple’s share within the Indian smartphone market had doubled to 4% within the festive quarter, as per a report in information company IANS. This was a 60% bounce year-on-year for Apple in India.
Interestingly, the launch of Apple’s on-line retail retailer in India has opened up the Indian market considerably for Cupertino, which is now capable of ship throughout India is underneath 72 hours, largely in areas which haven’t any offline retail of the model. The pandemic additionally appears to have helped the gross sales of iPads as an training system in lots of households.
Globally, Cook stated the iPhone gross sales grew by 17% year-over-year, “driven by strong demand for the iPhone 12 family”. Now iPhones have an lively put in base of over 1 billion units. While the iPad grew 41% the Mac was up 21%, which Cook stated displays “the continuing role these devices have played in our users’ lives during the COVID-19 pandemic”.