India among countries clocking revenue records that help Apple score ‘better than expected’ Q3 results

Apple Thursday announced a “better than expected” $83.0 billion third quarter result, which CEO Tim Cook acknowledged was powered also by “June quarter revenue records in developed and emerging markets with double digit growth in Brazil, Indonesia and Vietnam, and a near doubling of revenue in India”.

In the earnings call with analysts after the results, answering questions on various factors driving the iPhone’s growth, Cook added: It’s the product and the innovation within the product that’s driving it. The other key variables such as size of the installed base have been growing significantly. We also set a June quarter record for switchers with strong double-digit growth that is fuelling the additional install base.