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Apple Sets All-Time Revenue Record in India Last Quarter, Says CEO John Ternus
Sentiment: PositiveHigh Priority
What Happened?
Apple reported record revenue in India during the last quarter, driven by strong demand for its products, particularly the iPhone. CEO John Ternus highlighted significant growth in both developed and emerging markets.
Key points
- Apple's total revenue for Q4 2026 was $114.5 billion, up from $102.5 billion a year earlier.
- The company achieved record revenue of $479 billion for the fiscal year 2026.
- iPhone revenue reached $57.6 billion in the last quarter, a 17% year-on-year increase.
- Mac revenue increased by 24% year-on-year to $10.8 billion.
- Apple's services business recorded quarterly revenue of $31.6 billion, a 10% increase from the previous year.
- Apple Pay was launched in India on September 30, 2026, in partnership with Axis Bank.
Key insights
- The increase in iPhone demand may lead to further market expansion in India.
- Apple's successful launch of Apple Pay could enhance its services revenue in the Indian market.
- The growth in Mac sales suggests a rising trend of premium product adoption among Indian consumers.
Why it matters
Apple's record revenue in India indicates strong consumer demand and growth potential in one of its key markets.
Entities
Apple· CompanyJohn Ternus· PersonAxis Bank· OrganizationIndia· Country
Source
India Today
