Apple records another record quarter growth in India: Tim Cook

According to Apple CEO Tim Cook, the iPhone manufacturer set revenue records in over two dozen countries and regions, including India, during the June quarter.
Cook told analysts on the call that double-digit increase in the iPhone, Mac, and Services categories was the main driver of these results.
In the great majority of the markets we monitor, we witnessed a global acceleration of growth. Every geographic area witnessed an increase in iPhone sales, while growing countries like Brazil, South Asia, the Middle East, and India had double-digit growth, according to the CEO of Apple.
With sales climbing 15% year over year, Mac continued to achieve outstanding achievements. Cook reported that “we set another all-time revenue record in Services which grew 13 per cent with double-digit growth in both developed and emerging markets.”
“We couldn’t be more excited to open new stores in the UAE and India later this year,” the company said, referring to the recent opening of the Apple Store online in Saudi Arabia.
According to Tarun Pathak, director of research at Counterpoint, Apple is still growing rapidly in India, setting yet another record-breaking revenue quarter with double-digit growth.
The iPhone 16 was the most delivered model in the area, which was a major factor in this momentum. According to Counterpoint, the iPhone captured 7% of the volume and 23% of the revenue share during the quarter. The big change in manufacturing was one of the quarter’s highlights, he told.
Cook pointed out that India is now listed as the “Country of Origin” for the majority of iPhones sold in the US.
India now accounts for 71% of all iPhone shipments in the United States, up significantly from 31% during the same period previous year, according to Counterpoint Research.
“As part of its continuous channel expansion strategy, Apple also announced plans to increase its presence in India with new retail stores opening later this year,” Pathak said.
Cook stated that the scenario about tariffs is changing.
We spent about $800 million on tariff-related expenses for the June quarter. “We estimate the impact to add about $1.1 billion to our costs for the September quarter, assuming the current global tariff rates, policies, and applications do not change for the remainder of the quarter and no new tariffs are added,” he said.
He said that there are a lot of variables that could change, including tariff rates, so this forecast shouldn’t be used to project future quarters.
