Did Apple Achieve a Record Quarterly Growth in India with New Retail Plans?
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Synopsis
Apple's recent quarterly growth figures reveal impressive success in India, with new retail store openings on the horizon. This article delves into the company's remarkable achievements and future plans, highlighting its impact on local manufacturing and export growth.
Key Takeaways
- Apple achieved a quarterly revenue of $95.4 billion.
- New retail stores are planned in India and the UAE.
- Apple's iPhone exports contribute significantly to India's economy.
- Apple has reduced its carbon emissions by 60% over ten years.
- iOS 18.4 expands language support for developers.
New Delhi, May 2 (NationPress) Apple has achieved a remarkable quarterly growth milestone (January-March period) across various global regions, including India, where the tech giant has intensified its focus on local manufacturing amid rising export figures.
As stated by Apple CEO Tim Cook, “In retail, alongside the two stores we inaugurated during the quarter, we’re eagerly anticipating a new retail location in the UAE, the launch of the online store in Saudi Arabia, and additional retail outlets in India later this year.”
On the software front, Apple has just unveiled iOS 18.4, which extends Apple Intelligence to numerous languages, such as French, German, Italian, Portuguese, Spanish, Japanese, Korean, and Simplified Chinese, along with a localized version of English for Singapore and India.
In total, Apple reported a quarterly revenue of $95.4 billion, reflecting a 5 per cent year-over-year increase, and quarterly diluted earnings per share of $1.65, marking an 8 per cent rise compared to last year.
“Apple is showcasing strong quarterly outcomes, including double-digit growth in our Services division,” Cook remarked in a statement.
“We were excited to welcome the iPhone 16e to our offerings, alongside the launch of powerful new Macs and iPads that leverage the exceptional capabilities of Apple silicon. We also take pride in announcing a 60 percent reduction in our carbon emissions over the past decade,” he added.
The performance during the March quarter contributed to an 8 per cent growth in EPS and $24 billion in operating cash flow, enabling the company to return $29 billion to its shareholders, according to Kevan Parekh, Apple’s CFO.
“Thanks to our high levels of customer loyalty and satisfaction, our active device installed base has reached a new all-time high across all product categories and regions,” Parekh noted.
Furthermore, Apple’s board has announced a cash dividend of $0.26 per share of common stock, reflecting a 4 per cent increase.
This dividend is set to be payable on May 15, 2025, to shareholders recorded by the close of business on May 12, 2025.
Additionally, the board has approved a new program to repurchase up to $100 billion of the company’s common stock, as stated.
In other news, smartphones have emerged as India’s leading export category within the first 10 months of FY25, marking a significant achievement under the government’s production-linked incentive (PLI) scheme.
Smartphone exports reached a record Rs 2 lakh crore, showcasing a transformative shift in India’s electronics manufacturing landscape. Apple has played a pivotal role in this success, with iPhones constituting nearly 70 per cent of total shipments.
The App Store ecosystem in India generated Rs 44,447 crore ($5.31 billion) in developer billings and sales in 2024, as revealed by a new Apple study.
Point of View
Apple's advancements in India are not just about corporate success but also reflect a significant shift in the country's manufacturing landscape. The focus on local production aligns with national initiatives, indicating a collaborative effort to enhance India's position in the global electronics market.
NationPress
23/05/2025
Frequently Asked Questions
What is Apple's recent quarterly revenue?
Apple reported a quarterly revenue of $95.4 billion, which is a 5% increase year-over-year.
What new retail initiatives is Apple planning in India?
Apple plans to open new retail stores in India later this year, in addition to the two stores opened recently.
How is Apple contributing to India's economy?
Apple is the largest contributor to India's smartphone exports, accounting for nearly 70% of total shipments.
What is the significance of the App Store in India?
The App Store ecosystem in India generated Rs 44,447 crore ($5.31 billion) in developer billings and sales in 2024.
What sustainability efforts has Apple announced?
Apple has announced a 60% reduction in its carbon emissions over the past decade.
