Apple iPhone and iPad Sales Surge in India: Key Highlights from September 2024

This marks an all-time high revenue in India for Apple Inc. as the company continues to strengthen its footprint in one of the world's largest markets. Apple's CEO Tim Cook revealed significant double-digit growth in sales of iPad sales along with a 6% robust increase in net sales in total. This has hit USD 94.93 billion as against USD 89.49 billion that was witnessed during the same period last year.

In the earning call of the company, Apple's CEO, Cook showed enthusiasm regarding the growth while saying, "We continue to be excited by the enthusiasm we're seeing in India, where we set an all-time revenue record." The revenue of Apple in the country is a proof to its robust market presence coupled with growing consumer demand for some of its products, starting from the iPhone and iPad.

Besides the impressive sales numbers, Apple also expanded its retail footprint in India with two new stores in Mumbai and Delhi. Four more are scheduled to be launched in Pune, Bengaluru, Delhi-NCR, and Mumbai.

According to Counterpoint Research, Apple had a market share of 21.6% in value terms of iPhone sales, behind Samsung. The company's product revenue was led by iPhone sales, which grew 4.12% from USD 69.95 billion, while iPhone sales rose about 5.5% to USD 46.22 billion from last year.

The impressive part is that Apple services revenue surpassed product sales by registering a 12% year-over-year growth to attain USD 24.97 billion, the highest the company has ever attained. iPads did fairly well and registered an around 8% year-over-year growth to USD 6.95 billion in the same quarter; it reflects strong demand for both developed and emerging markets.

The group's overall annual revenue came in at USD 391 billion for the financial year ending September 28, 2024, thus reporting a 2% rise from the previous year, despite challenges in other regions, particularly a flat performance in China. Though the annual product sales showed a slight decline, the resilience of services revenue is a testament to the centrality of Apple's service offerings in its growth strategy.

Apple's continued investments in India and its line of innovative products reflect much promise because it is rooting itself in the growing market of consumer electronics.

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