Apple CEO Tim Cook announced plans to open four new retail stores in India, building on the company’s growing success in the market. “We can’t wait to bring four new stores to customers in India,” Cook said during Apple’s Q4 2024 earnings call. These stores, planned for Bengaluru, Pune, Mumbai, and Delhi-NCR, are expected to hire approximately 400 employees.
“We continue to be excited by the enthusiasm we’re seeing in India, where we set an all-time revenue record,” Cook added, highlighting the company’s record-breaking revenue in India during its September quarter. Apple’s existing stores in Mumbai’s BKC and Delhi’s Saket have already proven successful, reportedly generating around Rs 800 crore in their first year of operations.
The strong India performance comes as Apple’s overall iPhone revenue reached $46.2 billion for the quarter, up from $43.8 billion in the same period last year. The company assembled $14 billion worth of iPhones in India during fiscal year 2024, double the previous year’s production, establishing India as a crucial manufacturing hub for the tech giant.
Chief Financial Officer Luca Maestri highlighted strong performance across product categories, noting “double-digit growth” in India and South Asia. The iPad segment showed particularly robust results, generating $7 billion in revenue globally, up 8% year-over-year.
The strong performance in India contributed to Apple’s overall September quarter revenue of $94.9 billion, up 6% year over year and setting a new record for the September quarter.
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