Apple sets record revenue in India, iPad sales soar in September quarter
New Delhi: Tech giant Apple has achieved an all-time revenue record in India, marking a double-digit growth in iPad sales during the September 2024 quarter, as reported by senior company officials. The company's total net sales globally grew by over 6% to $94.93 billion, up from $89.49 billion in the same period last year.
Apple CEO Tim Cook highlighted that the September quarter was successful across multiple regions, with record sales in the Americas, Europe, and parts of Asia-Pacific. He noted strong sales performance in countries such as the United States, Brazil, Mexico, the UK, and India, where Apple witnessed an unprecedented revenue spike. Cook also mentioned the recent opening of two new stores in India, located in Mumbai and Delhi, and announced plans for four additional stores in Pune, Bengaluru, Delhi-NCR, and Mumbai.
According to Counterpoint Research, Apple's iPhone held a 21.6% market share in India for the September 2024 quarter, placing it just behind Samsung. Product sales rose by 4.12% to $69.95 billion year-on-year (YoY), with iPhone sales up 5.5% to $46.22 billion. Service revenue saw a notable 12% growth, reaching an all-time high of $24.97 billion.
iPad sales in India were especially strong, increasing by approximately 8% YoY to $6.95 billion, with double-digit growth noted in emerging markets like Mexico, Brazil, and the Middle East, said Luca Maestri, Apple’s Senior Vice President and Chief Financial Officer.
Despite Apple’s global growth, sales in China remained flat for the quarter and declined by 8% annually. While annual product sales dropped slightly by 2% to $185.23 billion, services revenue rose marginally.
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RSS has global network of over 2,500 groups for money laundering: Priyank Kharge
Bengaluru: Rural Development and Panchayat Raj Minister Priyank Kharge has alleged involvement of the Rashtriya Swayamsevak Sangh (RSS) in a money transfer network at global level.
Posting his allegation on his personal ‘X’ account on Saturday morning, Kharge said that he was referring to an issue that had not been dealt with decisively by Indian media houses.
“Here is a crucial story that the Indian media will never touch,” the minister has said, and clarified, “This so-called “body of individuals” has built a global network of over 2,500 affiliated organisations. Through these fronts, the RSS collects “guru dakshina” to fuel its divisive agenda. (sic)”
Kharge has further alleged, “The world’s largest NGO is running amok, laundering money and evading accountability.”
The minister added, “Here is a map of their organisational architecture of their “Vichar Parivaar.” https://rssproject.caravanmagazine.in / @thecaravanindia”
