{"id":1286910,"date":"2024-11-01T12:40:32","date_gmt":"2024-11-01T07:10:32","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1286910"},"modified":"2024-11-01T12:40:51","modified_gmt":"2024-11-01T07:10:51","slug":"apple-achieves-record-revenues-from-india-overall-rs-800000-crore-global-revenues-reported","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/apple-achieves-record-revenues-from-india-overall-rs-800000-crore-global-revenues-reported\/","title":{"rendered":"Apple Achieves Record Revenues From India; Overall Rs 800,000 Crore Global Revenues Reported"},"content":{"rendered":"\n<p>Apple set a revenue record in India for the fourth quarter of 2024, with CEO Tim Cook sharing his excitement over this growth during the company\u2019s earnings call. Apple\u2019s global Q4 revenue reached $94.9 billion, marking a 6% increase year-over-year. The iPhone was a major driver, generating $46.2 billion in revenue\u2014a 6% rise from last year\u2014marking a new September quarter record for Apple. Revenue from services also hit an all-time high, growing by 12% year-over-year, while Mac revenue rose 2% to $7.7 billion.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/ify-7-2-1.png\" alt=\"Apple Achieves Record Revenues From India; Overall Rs 800,000 Crore Global Revenues Reported\" class=\"wp-image-1286924\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/ify-7-2-1.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/ify-7-2-1-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/ify-7-2-1-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Expanding Indian Presence with Four New Apple Stores<\/h3>\n\n\n\n<p>Following the success of Apple\u2019s first two retail stores in Mumbai and Delhi in 2023, Cook <a href=\"https:\/\/www.newindianexpress.com\/business\/2024\/Nov\/01\/apple-achieves-an-all-time-revenue-record-in-india-tim-cook#:~:text=Apple's%20fourth%2Dquarter%20results%20revealed,compared%20to%20the%20previous%20year.\">announced<\/a> plans to open four additional stores across India, including in Bengaluru, Pune, and the Delhi-NCR region. This expansion aims to increase Apple\u2019s reach in a market where it holds around 7% of smartphone market share but ranks second in value with a 22% share, just behind a South Korean competitor at 23%, as per Counterpoint Research.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">iPhone Exports Surge, Strengthening India as a Manufacturing Hub<\/h3>\n\n\n\n<p>Apple\u2019s iPhone exports from India rose by 33% between April and September 2024, reaching $6 billion. Apple\u2019s Foxconn unit in Tamil Nadu was a major contributor, producing half of these exports. This year marked the first time Apple manufactured its complete iPhone 16 lineup, including premium models, in India\u2014a milestone shift from its traditional production base in China.<\/p>\n\n\n\n<p>Apple\u2019s expanded manufacturing and retail footprint in India, coupled with record-breaking Q4 revenue, underlines the country\u2019s growing importance in Apple\u2019s global strategy and its commitment to making India a central hub for production and market growth.<\/p>\n\n\n\n<p>4o<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple set a revenue record in India for the fourth quarter of 2024, with CEO Tim Cook sharing his excitement over this growth during the company\u2019s earnings call. Apple\u2019s global Q4 revenue reached $94.9 billion, marking a 6% increase year-over-year. The iPhone was a major driver, generating $46.2 billion in revenue\u2014a 6% rise from last [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1286924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[55,4928],"class_list":["post-1286910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-revenues"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Achieves Record Revenues From India; Overall Rs 800,000 Crore Global Revenues Reported - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/apple-achieves-record-revenues-from-india-overall-rs-800000-crore-global-revenues-reported\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Achieves Record Revenues From India; Overall Rs 800,000 Crore Global Revenues Reported - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Apple set a revenue record in India for the fourth quarter of 2024, with CEO Tim Cook sharing his excitement over this growth during the company\u2019s earnings call. Apple\u2019s global Q4 revenue reached $94.9 billion, marking a 6% increase year-over-year. 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