Apple reports double-digit growth in India

October 28, 2022

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Despite stronger-than-expected foreign currency headwinds, Apple posted a record September quarter revenue, with strong double-digit growth in India, according to Chief Executive Officer (CEO) Tim Cook during the company’s fourth-quarter earnings call.

According to Refinitiv data, the iPhone maker’s September quarter revenue was $90.1 billion, up 8% year on year and exceeding analysts’ estimates of $88.90 billion. According to Refinitiv estimates, its net income for the quarter was $20.7 billion (or $1.29 per share), up 4% from the previous year and exceeding analysts’ expectations of $1.27 per share. Revenue from the company’s products was $71 billion in the fourth quarter, up 9% year on year. According to Apple Chief Financial Officer (CFO) Luca Maestri, it was a September quarter revenue record for iPhone and wearables, Home and accessories, and an all-time revenue record for Mac.

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