New Delhi, July 31 — Apple reported another record revenue quarter in India as strong demand for Macs and the iPhone 17 series helped the company achieve June-quarter revenue records across every geographic segment.
Apple CEO Tim Cook said the results came despite significant supply-chain constraints and foreign exchange headwinds.
The company posted quarterly revenue of $109.4 billion, up 16% from a year earlier. Gross margin stood at 50.1%, including a favorable impact of about 2 percentage points from tariff refunds.
Diluted earnings per share rose 29% year over year to $2.02, including a favorable impact of 11 cents from tariff refunds.
“We achieved June quarter revenue records in every geographic segment. We were pleased to see strength across the board with June quarter records in the U.S., Latin America, Western Europe, India, China Mainland, Japan, and Southeast Asia,” Cook said.
Global Mac revenue reached $10.4 billion, up 29% year over year and marking a new June-quarter record. The growth was driven by strong demand for the MacBook Neo and MacBook Pro.
In India, Mac was the standout performer, supported by increased adoption of the MacBook Neo. Demand for the iPhone 17 series also remained strong despite continued supply constraints in the country.
Apple Chief Financial Officer Kevan Parekh said Mac recorded its best quarter ever among both first-time buyers and customers upgrading their devices.
“As Tim mentioned, Mac had its best quarter ever for customers new to the Mac and for upgraders worldwide, including in the U.S., China Mainland, and India,” Parekh said.
Industry analysts said Apple has largely maintained stable pricing despite rising memory and component costs.
“We expect single-digit volume but double-digit value growth in India during CY 2026, and view an iPhone price hike as highly likely,” said Tarun Pathak, research director at Counterpoint Research.
Pathak said Apple’s aspirational appeal should continue attracting new users to its ecosystem, with the resulting “halo effect” supporting growth across other product categories.
Rising component costs are forcing many Android smartphone manufacturers to increase prices. However, Pathak said Apple is expected to outperform the broader industry across its major hardware categories because of its large installed customer base and the initial positive reception of Siri’s artificial intelligence features.
“OEMs face a difficult choice between protecting margins and protecting volumes, and the market will feel that pressure. Apple has so far avoided that trade-off,” he said. (Source: IANS)
