Apple reported its fiscal earnings for This autumn 2024 on Thursday, and the iPhone maker missed forecasts on income and earnings per share (EPS). The most recent earnings name confirmed that Apple’s income within the earlier quarter was up four p.c yr over yr to achieve $124.three billion (roughly Rs. 10,76,51,950 lakh), whereas its EPS rose 12 p.c yr over yr to $1.64 (roughly Rs. 140). The corporate set a brand new report for companies income, which rose to $25 billion (roughly Rs. 21,66,25,000 lakh) within the earlier quarter.
Throughout the firm’s earnings name, Apple CEO Tim Prepare dinner stated that the corporate plans to roll out Apple Intelligence options to eligible gadgets in additional areas, because the iPhone maker doubles down on synthetic intelligence (AI) options. He additionally highlighted the corporate’s efficiency in rising markets, stating that the corporate noticed ‘double-digit’ progress in nations like Brazil, Mexico, and India.
Listed here are 5 issues to find out about Apple in India from CEO Tim Prepare dinner’s This autumn outcomes name:
- Apple Intelligence in India: Eligible gadgets in India will be capable to entry Apple Intelligence with the default localised language — English (India) — beginning in April. Apple can even roll out its AI options in different languages, together with French, German, Italian, Portuguese, Spanish, Japanese, Korean, and Simplified Chinese language.
- Extra Apple Shops in India: Apple reiterated its plans to open 4 new shops within the nation because it continues to broaden its retail presence, however did not reveal the place these retailers might be opened. The corporate at present has two Apple Shops in India — Apple BKC in Mumbai and Apple Saket in Delhi.
- File iPhone Development: Boosted by festive season gross sales, the iPhone Lively Set up Base in India has soared to new highs, in keeping with the corporate. Citing a survey from Kantar, Apple says that the iPhone was the top-selling smartphone in India, in This autumn 2024, and a latest Canalys report revealed the corporate had the best smartphone shipments within the earlier quarter with a 23 p.c market share.
- Enterprise Adoption: Tim Prepare dinner additionally revealed that Zomato has deployed ‘hundreds’ of Macs in This autumn 2024. Apple launched new MacBook Professional and iMac fashions within the earlier quarter, and these computer systems are outfitted with the corporate’s newest M4, M4 Professional and M4 Max chips.
- Potential for Development in India: Apple nonetheless has a really modest market share in India, in comparison with rival smartphone and laptop makers. Nevertheless, the corporate’s CEO stated that there was substantial potential for progress within the nation, which is at present the second-largest and third-largest market on the planet for smartphones and PCs, respectively.
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