2 months ago
Apple Posts Record June Quarter Revenue, India Leads Growth
Apple made a lot of money in the June quarter, earning $109.4 billion.
This was the best quarter ever for the company, especially in India.
The Mac computers sold a lot, especially the new MacBook Neo.
People also kept buying iPhones, even though there were some supply problems.
Experts think Apple will keep growing in India next year, maybe raising iPhone prices a bit.
Apple reported $109.4 billion revenue, up 16% YoY, with a record quarter in India.
Mac sales reached $10.4 billion globally, a new June‑quarter record driven by MacBook Neo and Pro.
India saw record revenue, led by MacBook Neo uptake and strong iPhone 17 demand despite supply constraints.
Gross margin was 50.1% and diluted EPS $2.02, both up 16% and 29% respectively, helped by tariff refunds.
Analysts expect single‑digit volume but double‑digit value growth in India for CY 2026, with a possible iPhone price hike.
- Who
- Apple Inc.
- What
- Record revenue quarter with strong performance in India
- Where
- India and worldwide
- When
- June quarter 2024
- Why
- Strong MacBook Neo and iPhone 17 demand despite supply constraints
Key facts
- Total Revenue
- $109.4 billion
- Gross Margin
- 50.1%
- Diluted EPS
- $2.02
- Mac Revenue
- $10.4 billion
- India Revenue
- Record quarter
Quotes
Apple CFO Kevan Parekh
Chief financial officer of Apple Inc.
“We achieved June quarter revenue records in every geographic segment. We were pleased to see strength across the board with June quarter records in the U.S., Latin America, Western Europe, India, China Mainland, Japan, and Southeast Asia.”
freepressjournal.in
thehansindia.com
“Apple delivered another record revenue quarter in India, with Mac the standout performer — driven by a strong uptick in MacBook Neo adoption alongside continued robust demand for the iPhone 17 series”
thehansindia.com
Tarun Pathak
Counterpoint Research director
“We expect single-digit volume but double-digit value growth in India during CY 2026, and view an iPhone price hike as highly likely. Even so, the brand's aspirational pull should keep bringing new users into the ecosystem — a halo effect now visible across adjacent categories, with Mac shining brightest this quarter.”
thehansindia.com
freepressjournal.in
Sources
Related news
Apple Raises India iPhone Prices Up to 40.6 Percent
Apple Raises Older iPhone Prices Across India After Launch
Apple’s iPhone Duo Price Gap Widens Between India and US
Apple’s India iPhone Exports Reach $13.2 Billion
Apple Raises Older iPhone Prices After India iPhone 18 Launch
Apple Leads India's Smartphone Market by Value, Not Volume
Apple CEO John Ternus Takes Hands-On Role in Design
Apple Shelves Plan to Replace 5,000 AppleCare Workers With AI
Apple achieves record June quarter revenue, but faces challenges
Apple Warns of Slower September-Quarter Growth Amid Supply Constraints
