Apple on Friday reported its 15th straight quarterly record revenue in India for the fourth quarter ended September 30, driven by record iPhone sales, continuing the fast pace of growth in the world's second largest smartphone market where consumers are chasing premium handsets.
Apple chief executive Tim Cook told analysts in its fourth quarter earnings call that Apple has set revenue records in nearly every geographical segment it tracks, including emerging markets and an all-time revenue record in India.
"We grew in the vast majority of markets we track and had September quarter revenue records in dozens of markets, including the US. Canada, Latin America, Western Europe, the Middle East, Japan, Korea, and South Asia. We also set a September quarter revenue record in emerging markets, and an all-time revenue record in India," Cook said.
Apple confirmed it is constrained on several iPhone 17 models launched in September due to "very strong demand, adding that it ended the quarter at a lower end of the targeted channel inventory due to supply constraints on several iPhone 16 and 17 models.
Cook said the company's gross margins included an approximately $1.1 billion of tariff related cost, and is estimated to go up to $1.4 billion in the December quarter. The management confirmed that the sequential increase in tariff costs takes into account the recent cut in tariffs on China from 20% to 10% by the US administration.
Apple closed the fiscal with an all-time high revenue record of $416 billion, driven by strong demand for its products and services across all markets.
"We are incredibly excited about the strength we're seeing across our products and services and we expect the December quarter's revenue to be the best ever for the company and the best ever for iPhone," Cook said.
Apple chief executive Tim Cook told analysts in its fourth quarter earnings call that Apple has set revenue records in nearly every geographical segment it tracks, including emerging markets and an all-time revenue record in India.
"We grew in the vast majority of markets we track and had September quarter revenue records in dozens of markets, including the US. Canada, Latin America, Western Europe, the Middle East, Japan, Korea, and South Asia. We also set a September quarter revenue record in emerging markets, and an all-time revenue record in India," Cook said.
Apple confirmed it is constrained on several iPhone 17 models launched in September due to "very strong demand, adding that it ended the quarter at a lower end of the targeted channel inventory due to supply constraints on several iPhone 16 and 17 models.
Cook said the company's gross margins included an approximately $1.1 billion of tariff related cost, and is estimated to go up to $1.4 billion in the December quarter. The management confirmed that the sequential increase in tariff costs takes into account the recent cut in tariffs on China from 20% to 10% by the US administration.
Apple closed the fiscal with an all-time high revenue record of $416 billion, driven by strong demand for its products and services across all markets.
"We are incredibly excited about the strength we're seeing across our products and services and we expect the December quarter's revenue to be the best ever for the company and the best ever for iPhone," Cook said.
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