In a recent earnings call following Apple’s Q4 2024 results, CEO Tim Cook highlighted the company’s impressive revenue performance in India, stating that Cupertino is “excited by the enthusiasm” they are witnessing in the market. Cook announced plans to open four new stores in India, reflecting the company’s commitment to expanding its presence in the region.
Record-Breaking September Quarter
Apple reported a record revenue of $94.9 billion for the September quarter, a 6% increase from the previous year. Cook noted that the iPhone saw growth across all geographic segments, contributing to a new revenue high for the category. Additionally, services achieved an all-time revenue record, with a year-over-year increase of 12%. The company also set revenue records in several regions, including the Americas, Europe, and Asia Pacific, as well as in numerous countries such as the US, Brazil, Mexico, France, the UK, Korea, Malaysia, Thailand, Saudi Arabia, and the UAE.
Strong iPad Performance
Luca Maestri, Apple’s Senior Vice President and Chief Financial Officer, emphasized the iPad’s performance, which generated $7 billion in revenue—an 8% increase year-over-year. He pointed out that Apple experienced significant growth not just in developed markets but also in emerging markets, with double-digit growth reported in countries like Mexico, Brazil, the Middle East, India, and South Asia.
Exciting Developments in Apple Intelligence
During the call, Cook shared insights about the rollout of new Apple Intelligence features, which have received positive feedback from developers and users alike. He expressed anticipation for upcoming enhancements in December, including advanced Writing Tools and a visual intelligence experience. Furthermore, he announced plans for ChatGPT integration and localized English support in countries such as the UK, Australia, and Canada. Looking ahead to 2025, Cook indicated that more languages and features will be introduced, reinforcing Apple’s commitment to innovation and customer satisfaction.
