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The robust revenue growth was spurred by iPhones as well as increasing adoption of Apple products by enterprises, the Cupertino, California-based company's management said on an analyst call Friday.
Tim Cook, CEO at Apple, said the company also clocked December-quarter revenue records in other emerging markets like Indonesia, Saudi Arabia and Chile.
"Emerging markets have been a very key area of strength for us...India grew in revenue terms, strong double digits in the December quarter and hit a quarter revenue record," he said.
Apple on Friday reported 2% year-on-year (YoY) growth in revenue at $119.6 billion in the three months ended December 31, with iPhone revenue growing 6% YoY at $69.7 billion. The company said it scored revenue records in over two dozen countries and regions.
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Apple's long-term interest in India
These included Latin America, western Europe, the Middle East and Korea.
According to industry researcher Counterpoint Research, Apple's smartphone shipments crossed the 10-million milestone in India in 2023, a 46% increase. During the year, Apple also became the largest smartphone brand in India by revenue for the first time ever.
In contrast, the Indian smartphone market remained flat last year. The premium smartphone segment with handsets priced above Rs 30,000 grew 64%, largely driven by Apple and Samsung. The iPhone had around 6.6% share of the overall market.
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