Friday, September 29, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Emerging Markets

India, emerging markets power another record quarter for Apple

MtR by MtR
July 28, 2021
in Emerging Markets
0
India, emerging markets power another record quarter for Apple


Apple has reported another record quarter despite the pandemic, powered by strong growth in countries like India. The Company posted a June quarter record revenue of $81.4 billion, up 36 per cent over last year.

“This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said Tim Cook, Apple’s CEO in a note.

Later, speaking to analysts, he elaborated: “Today, Apple is reporting a very strong quarter with double-digit revenue growth across our product and services categories and in every geographic segment. We set a new June quarter revenue record of $81.4 billion, up 36% from last year, and the vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India, Latin America, and Vietnam.”

CFO Luca Maestri too said the record quarter “included new revenue records in each of our geographic segments, double-digit growth in each of our product categories, and a new all-time high for our installed base of active devices.”

Cook said, “We set June quarter records in Mexico, Brazil, Chile, Turkey, UAE, Poland, Czech Republic, India, obviously in China as I talked about before, Thailand, Malaysia, Vietnam, Cambodia, Indonesia… Those results are for the entire line of products that we have.”

He suggested that some of this growth in emerging markets could have been because of the more affordable iPhone SE, which got a new version in 2020. “Keep in mind, we still do have SE in the line. We launched it a year ago, but it’s still in the line today and is sort of our entry price point. And so I’m pleased with how all of them are doing and I think we need sort of that range of price points to accommodate the types of people that we want to accommodate. And so we’ve got something for the entry buyer who really wants to get into an iPhone and then something for the pro buyer who wants the very best iPhone that they can buy.”

In the earnings call, Cook said iPhone revenue set a June quarter record of 39.6 billion, growing 50 percent over the past year, “exceeding our own expectations”. He added: “Performance was consistently strong across the world and we grew very strong double digits in each geographic segment setting June quarter records in most markets we track.” Cook said the active installed base of iPhones reached a new all time high.



Source link

Related articles

FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

September 28, 2023
Worldcoin doubles down on emerging markets amid wider criticism

Worldcoin doubles down on emerging markets amid wider criticism

September 28, 2023

Related Posts

FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

by MtR
September 28, 2023
0

New Delhi: Global index provider FTSE Russell kept India on a watch list for inclusion in the FTSE Emerging Markets...

Worldcoin doubles down on emerging markets amid wider criticism

Worldcoin doubles down on emerging markets amid wider criticism

by MtR
September 28, 2023
0

'Those are the easier ones to operate in,' the company’s head of product says Jacquelyn Melinek 8 hours It has...

Drag Reducing Agent Market [2023-2029]: Seeking Growth from Emerging Markets, Study Drivers, Restraints and Forecast

Drag Reducing Agent Market [2023-2029]: Seeking Growth from Emerging Markets, Study Drivers, Restraints and Forecast

by MtR
September 28, 2023
0

Ready to supercharge your investment game? Discover exclusive opportunities in the world of startups that you won't find anywhere else!...

Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Grows By 143.7%

Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Grows By 143.7%

by MtR
September 28, 2023
0

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) was the target of a significant growth in...

Global transmission of Fed hikes

Global transmission of Fed hikes

by MtR
September 28, 2023
0

Rapid Federal Reserve interest rate increases last year and earlier this year have not, at least so far, triggered financial...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
US stocks rally as oil price retreats from recent high

US stocks rally as oil price retreats from recent high

September 29, 2023
Europe Infusion Therapy Market Research Report 2023: A Projected 1.3 Billion Market by 2029

Europe Infusion Therapy Market Research Report 2023: A Projected 1.3 Billion Market by 2029

September 28, 2023
FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

September 28, 2023
Increasing Public Health Awareness and Demand for Innovative Medical Technologies

Increasing Public Health Awareness and Demand for Innovative Medical Technologies

September 28, 2023

Recent News

US stocks rally as oil price retreats from recent high

US stocks rally as oil price retreats from recent high

September 29, 2023
Europe Infusion Therapy Market Research Report 2023: A Projected 1.3 Billion Market by 2029

Europe Infusion Therapy Market Research Report 2023: A Projected 1.3 Billion Market by 2029

September 28, 2023
FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index

September 28, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter