Apple Reports Another Record Quarter in India, Plans More Stores: Tim Cook

Cupertino (California): Apple CEO Tim Cook has announced that the company achieved record June quarter revenue in over two dozen countries and regions — with India standing out as a major growth driver.

Speaking during an earnings call with analysts, Cook highlighted that Apple experienced double-digit growth across its iPhone, Mac, and Services segments.

“We saw growth accelerate globally in nearly all the markets we track,” Cook said. “iPhone sales grew in every geographic region, with double-digit increases in emerging markets like India, the Middle East, South Asia, and Brazil.”

Mac revenue was up 15% year-over-year, while Apple’s Services division also reached a new all-time high — up 13% — driven by robust demand across both developed and emerging markets.

Apple recently launched its online store in Saudi Arabia, and Cook confirmed plans to open new physical Apple Stores in the UAE and India later this year.

According to Tarun Pathak, Research Director at Counterpoint Research, Apple continues to perform strongly in India, marking another record-breaking revenue quarter driven by double-digit growth.

“iPhones accounted for 7% of smartphone shipments and 23% of revenue in India this quarter,” said Pathak. “The iPhone 16 was the top-shipped model, fueling Apple’s momentum. A key highlight was the sharp shift in manufacturing trends.”

Cook also noted a major milestone: the majority of iPhones sold in the U.S. now have India listed as the country of origin. Counterpoint data reveals that India’s share in U.S. iPhone shipments rose to 71% in Q2 — a massive jump from 31% during the same period last year.

Looking ahead, Apple plans to further expand its footprint in India with additional retail stores, as part of its broader channel growth strategy.

On the topic of global trade policies, Cook acknowledged ongoing uncertainties related to tariffs.

“For the June quarter, we faced about $800 million in tariff-related expenses,” he said. “For the September quarter, if current tariff conditions remain unchanged, we expect that number to rise to approximately $1.1 billion.”

However, Cook cautioned that these figures shouldn’t be treated as forward-looking estimates, given the fluid nature of global tariff policies.

With inputs from IANS