☰
Apple CEO, Tim Cook has recently announced the company’s new revenue record in India in the July-September period. Apparently, the mega-giant continues to perform better, with strong double-digit growth in the country, in line with its big manufacturing plans.
According to sources, Apple posted a September quarter record revenue of $90.1 billion globally, up by 8% on a year-on-year basis. The annual revenue posted was $394.3 billion, also up by 8% yearly.
Commenting on the recent development, Apple CFO, Luca Maestri stated that acewe had premeditated the September quarter records in the major markets that the firm tracked.
Luca further highlighted that the firm gained great traction, especially in several large emerging markets, with India recording an all-time new record and Thailand, Vietnam, Indonesia and Mexico doubling year after year.
It has been reported that to support India's momentum for local manufacturing, Apple confirmed last month that it had begun production of the new iPhone 14 in India, a first for the tech giant as it works to reduce the manufacturing time of new iPhones in India with China.
Reports also cite that the locally assembled iPhone 14 will be available in the country in the fourth quarter.
Not to mention, Apple's new iPhone 14 lineup offers groundbreaking new technologies and important safety capabilities.
Sources also cite that the firm is thrilled to manufacture iPhone 14 in India.
Apparently, Foxconn is assembling the new iPhone 14 at its Sriperumbudur facility near Chennai.
According to the JP Morgan analysis, as India accelerates manufacturing of technology products locally, Apple is slated to move 5% of its new iPhone 14 production to India by the end of this year and nearly 25% by 2025.
Inspired by the country's supportive local manufacturing industry and business-friendly regulations, Apple's 'Make in India' iPhones are slated to represent nearly 85% of the company's total iPhone production this year.
Source credit - https://in.investing.com/news/apple-sets-new-revenue-record-in-india-logs-doubledigit-growth-3394375
An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...
Pacific Island nations have reportedly pushed Japan to postpone the release of Fukushima nuclear power plant wastewater due to concerns that it may pollute fishing grounds. An appeal was made on Wednesday when Japan announced that treated sewage f...
Danone, the French bottled water and yogurt firm, is reportedly being sued in court by three environmental activists’ groups for failing to cut its plastic footprint significantly. According to the groups, the maker of Evian and Volvic miner...
Bosch, the German technology company, has reportedly expanded its security footprint in the ridesharing market with the launch of its latest security dashcams. At CES 2023, Las Vegas, the German tech firm unveiled a new integrated smart camera on ...
Australia's Prime Minister Anthony Albanese has reportedly denied rumors that Rio Tinto and its partners could receive a $450 million settlement for the Gladstone power station, which would bring the total compensation for the coal price limit to...
Businesses in the UK are still reportedly grappling after two years following the beginning of post-Brexit trading, as suggested by a new report. According to the British Chambers of Commerce (BCC), firms are still battling increased red tape and ...
© 2023 aeresearch.net. All Rights Reserved.