Apple reports double-digit growth in India

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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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Apple reports double-digit growth in India

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.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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