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Journalism of Courage
Underlining the all-time revenue records set by the company in India, Apple CEO Tim Cook said Cupertino continues “to be excited by the enthusiasm” they are seeing in India. In the earnings call after Apple’s 2024 Q4 results, Cook said Apple “can’t wait to bring four new stores to customers in India”.
“Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 per cent from a year ago,” Cook said. He said the “iPhone grew in every geographic segment, marking a new September quarter revenue record for the category”, while services set an all-time revenue record, up 12% year-over-year. “We also set September quarter segment revenue records in the Americas, Europe, and the rest of Asia Pacific, as well as in a large number of countries, including the United States, Brazil, Mexico, France, the UK, Korea, Malaysia, Thailand, Saudi Arabia and the UAE.”
Meanwhile, Luca Maestri, Senior Vice President and Chief Financial Officer, underlined that the iPad generated $7 billion in revenue, up 8% year-over-year. “In addition to growth in developed markets, we also saw strong performance in many emerging markets, with double-digit growth in Mexico, Brazil, the Middle East, India, and South Asia.”
On the Apple Intelligence features being rolled out, Cook said they are “getting a lot of positive feedback from developers and customers”. He added: “We are looking forward to bringing even more features in December, and this will include even more powerful Writing Tools and visual intelligence experience that builds on Apple Intelligence, and ChatGPT integration in addition to other features, as well as we’ll bring localised English to several countries that include the UK, Australia, and Canada… And then, as we turn the corner to ’25, we’ll have more languages rolling out, starting in April as well and more features as well. And so, it’s a very strong drumbeat, and we couldn’t be more excited about it.”
