Despite the pandemic and the lack of chips, Apple generated impressive revenue this quarter. The company reported fourth-quarter earnings of $ 83.4 billion and net profit of $ 20.6 billion. Apple accelerated in India and doubled its business in fiscal 2021. Apple earned one-third of its revenue in emerging markets.
Last month, Apple CEO Tim Cook said, “We set quarterly records in every geographic segment with strong double-digit growth in all segments.” Apple has managed to double its business not only in India but also in Vietnam. The research firm repeats this discovery and says that it is “the best show ever” in India. Said Prabhu Ram, the main intelligence group in the CMR
In the third quarter of 2021, Apple continued its remarkable work in India, using its appeal among consumers in holiday season sales that were earlier than usual. Older-generation iPhones, especially the iPhone 12, contributed to Apple’s quarterly success, along with the iPhone 11. What works for Apple is the increased share of local assembly, strong retail initiatives, including online shopping, and aggressive marketing initiatives during the holiday sale. Despite the current dynamics of the offer, Apple is doing well and is on its way to the best display in India.
Previous generation devices, mainly the iPhone 12 and iPhone 11, are the main drivers of growth in India. Figures show, the iPhone 12 had a 31 percent market share, while the iPhone 12 accounted for 28 percent. That means a staggering 150 percent growth in QoQ and an equally impressive 28 percent growth for Apple in India.
In addition to the iPhone, the figures for iPad sales are also impressive. Apple is contributing to its double-digit growth with homework trends, dedicated channel strategies and a strong line. This holiday season, online retailers in India have offered huge discounts on the iPhone 12 and iPhone 11. The iPhone 12 is expected to lead the way in sales next quarter.
[via Business Today]
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