Apple posts all-time September quarter revenue record in India

Apple has posted an alltime September quarter revenue record in India The USbased tech company delivered its best fiscal year ever for upgraders in the country as well as worldwide according to Apple CEO John TernusDuring the earnings call for Apples fiscal 2026 fourth quarter that ended September 26 Ternus said the company set September quarter records in the Americas Europe Greater China and the rest of AsiaPacific as per IANSTermus asserted ldquoWe also set September quarter revenue records in both developed and emerging markets in addition to an alltime record in IndiardquoApple CEO also added that the company has set a September quarter record for upgraders worldwide as well as in the US mainland China and IndiaApple records USD 576 billion in revenue from iPhonesiPhone revenue was USD 576 billion for the September quarter globally up 17 per cent from a year ago despite supply constraints and foreign exchange headwindsTermus added ldquoTurning to Apple Pay we recently launched in India with Axis Bank bringing a seamless safe and secure way to pay in one of the biggest markets in the world Today Apple Pay is available in over 90 markets giving customers around the world peace of mind built into every transactionrdquo as cited by IANSComment on Apple earnings Tarun Pathak Research Director at Counterpoint Research said that one of the highlights of the earnings call was seeing India show up across such a diverse range of data points including record iPhone upgrades alltime Mac records an alltime Services record iPhone ranking among the topselling models and the launch of Apple PayWhile briefing the media Pathak said ldquoConsumer aspirations remain Applersquos biggest tailwind in India and easy financing tradeins channel expansion and local manufacturing are turning that aspiration into actual purchases Even in a tougher smartphone market users are willing to stretch their budgets for Apple productsrdquo as per IANSAccording to research the iPhone 17 was the topshipped model in India during Q3 and the MacBook Neo had a record quarter for salesHe further noted ldquoAlthough iPhone shipments declined YoY Applersquos ASP in India reached an alltime high surpassing USD 1000 during the quarter India is moving from an iPhone growth market to a full ecosystem market for Apple and we expect that shift to accelerate in 2027 and beyond as the installed base expandsrdquoAccording to Apple CFO Kevan Parekh the iPhone active installed base grew to an alltime high and the iPhone had a record year for upgraders globally and in several markets including the US China Mainland India and JapanHe further asserted ldquoAccording to a recent survey from the World Panel the iPhone was a topselling model in the US urban China India the UK Germany Australia and JapanrdquoMac revenue stands at USD 108 billionMac revenue was USD 108 billion globally up 24 per cent yearoveryear despite supply constraintsParekh asserted ldquoThis performance was driven by the strength of the MacBook Neo and MacBook Pro We saw a doubledigit growth in both developed and emerging markets with alltime records in markets like India and Southeast Asiardquo as cited by IANSServices revenue set an alltime record of USD 316 billion up 10 per cent yearoveryear despite over 15 points of sequential FX headwindsldquoWe set alltime revenue records in the majority of markets we track including several emerging markets like Latin America and Indiardquo Parekh further addedWith inputs from IANS