iPhone Tops List, Apple India Sets New Quarterly Revenue Record

According to Apple CEO Tim Cook, the company's October–December quarter sales in India set a record, with the iPhone emerging as the top-selling smartphone model in the nation. Throughout the company's Q1 2025 financial results call, Cook stated, "I am especially keen on India, as we're opening four new stores there and they set a December quarter record during the quarter."  With overall shipments hitting a record $12.8 billion (about INR 1.08 lakh cr), Apple's iPhone exports from India in 2024 broke the INR 1 lakh cr milestone. The CEO also discussed the company's plans to open four new locations across the nation. In October of last year, Apple announced intentions to establish four more retail locations nationwide. The iPhone manufacturer intends to open new locations in Mumbai, Bengaluru, Pune, and Delhi NCR.

India -2^nd Largest Market for Smartphones: Cook

Given that India is the world's second-largest smartphone market and the third-largest for PCs and tablets, he also emphasised the potential of the Indian smartphone market throughout the call. Cook responded to a query from an analyst regarding supply chain planning in India by stating that since the company produces its goods for both the local and international markets, economies of scale are necessary for the Indian manufacturer to earn money. In addition to French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese, the tech giant now plans to make Apple Intelligence available in a number of languages, including India's localised English. The CEO of Apple also cited Zomato, a massive foodtech startup in India, to illustrate how the business is seeing high demand in developing areas.

Growing Network of Apple in India

Cook added that the company saw high demand in new areas as well. For instance, Zomato, a well-known Indian food delivery service, has thousands of Macs spread throughout its workstations. Apple recently began talks with Bharat Forge Ltd., a major manufacturer of auto components, to include Kalyani Group as one of its local vendors. The business launched the Apple Store app in India earlier this month in response to growing sales of its flagship iPhone devices in the nation. The company's goal is to increase its retail presence in the second-largest smartphone market in the world.

On a year-over-year basis, the company's product sales increased 1.5% to USD 97.96 billion from USD 96.45 billion, while its services sales increased around 14% to reach a record high quarterly revenue of USD 26.34 billion from USD 23.11 billion. On a year-over-year basis, sales of Apple's Mac PCs rose 15.5% to USD 8.98 billion from USD 7.78 billion, and sales of the iPad gained almost 15% to USD 8 billion from USD 7 billion. With the exception of China, where it produces the majority of Apple products, the company's sales increased in every region. During the December quarter, Apple's sales in China fell 11% to $18.5 billion from USD 20.8 billion in the same period last year.

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