Apple sets revenue record driven by strong sales in India, beats estimates

Apple has reported its fiscal 2024 third-quarter results, ending June 29, with revenue reaching $85.8 billion, a 5 per cent Y-o-Y increase, beating analysts’ average estimates of $84.5 billion.

During an investor call, Apple CEO Tim Cook announced that the company achieved a new revenue record in over two dozen countries, including India. Cook said, “We also set quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand.”