MacBooks, iPhones drive record growth for Apple in India

Apple on Thursday (July 28) announced the company’s third-quarter results ending June 2022. While rival technology giants facing a slump in growth, Apple has managed to beat market expectations.

The Cupertino-based company was able to witness a revenue record of $83.0 billion, up 2 percent year over year, and quarterly earnings per diluted share of $1.20.

“It’s the product and the innovation within the product that’s driving it. The other key variables such as the 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. We continue to execute across some significant geographies with low penetration of iPhones between Indonesia, Vietnam, and India where we did quite well.