Apple earns $394 billion, India sets revenue record
- Apple CEO Tim Cook said Thursday that the company’s $90.1 billion September quarter revenue record was driven by emerging countries like India, where it also set a record.
- “Across nearly every geographic sector, we established a new revenue record for the quarter and we continue to perform extraordinarily well in emerging countries with very strong double digit growth in India, South East Asia and Latin America,” Cook told analysts in his earnings call.
- Apple’s fourth quarter revenue of $90.1 billion and annual revenue of $394.3 billion were up 8% year-over-year.
- Apple CFO Luca Maestri said most markets established September quarter records. “India reached a new income record, and Thailand, Vietnam, Indonesia, and Mexico more than doubled year-over-year.”