Apple's Q1 earnings reveal record-breaking quarter in India; CEO Tim Cook revealed the big milestone

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2023 will be a big year for Apple with the launch of existing products like the iPhone 15 and Mac but also the introduction of new ones like the Vision Pro. The company ended the year on a high and dethroned Samsung to become the world's top smartphone maker. During the year, India became one of the key markets for the tech giant as it opened two official flagship stores in India – Apple Saket in Delhi and Apple BKC in Mumbai. Apple's Q1 earnings call also revealed a record breaking December quarter in the country!

Apple Q1 Earnings Call Results

During the Q1 earnings call, Apple CEO Tim Cook said that the company broke records for the December quarter in India as well as a few other countries. Responding to analysts' queries, Cook mentioned several times that India grew in terms of revenue in the December quarter and achieved strong double digits. With this, a new quarterly revenue record was also recorded.

Talking about enterprise, Apple's Chief Financial Officer Luca Maestri highlighted Indian multinational technology firm Zoho. Among the company's 15000 global workforce, 80 percent of users use an iPhone for work, while nearly two-thirds of them choose a Mac as their primary computer.

The results come days after Counterpoint Research said Apple's shipments in India crossed 10 million for the first time, marking the first time the revenue topped the calendar year mark.

Announcing the earnings, Cook said, “Today Apple is reporting December quarter revenue growth driven by iPhone sales and an all-time revenue record in services. We are pleased to announce that our installed active device base has now crossed 2.2 billion, an all-time high across all product and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we remain as committed as ever to our values ​​and pursuit of incredible innovation on behalf of our customers.

For the quarter, Apple posted revenue of $119.6 billion compared to $117.2 billion in the same period last year.

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