Apple hits all-time revenue record in India, says Tim Cook

New Delhi: iPhone-maker Apple recorded an all-time revenue high in India during the September quarter, marking another milestone in its expansion across the world’s second-largest smartphone market. The company’s strong performance comes as it continues to deepen its retail presence and boost local manufacturing in the country.

Overall, the Cupertino-based tech giant posted quarterly revenue of USD 102.5 billion, up 8 per cent year-on-year, driven by robust sales of its iPhone 17 lineup.

Apple CEO Tim Cook, during the company’s Q4 fiscal year 2025 earnings call, said:

“We also set a September quarter revenue record in emerging markets and an all-time revenue record in India.”

Cook expressed optimism for the months ahead, adding:

“Apple expects the December quarter revenue to be the best ever for the company and the best ever for iPhone.”

He said Apple grew in the majority of its markets, achieving September quarter records in the US, Canada, Latin America, Western Europe, the Middle East, Japan, Korea and South Asia.

“On the retail front, we’re heading into our busiest time of the year with our best-ever lineup,” Cook said, noting that Apple has opened new stores in emerging markets such as India and the UAE, as well as new locations in the US and China.

Cook added that Apple was “very proud to report a September quarter revenue record of USD 102.5 billion, including a September quarter record for iPhone and an all-time revenue record for services.”

He highlighted the company’s latest product launches:

“In September, we were thrilled to launch our best iPhone lineup ever, including iPhone 17, iPhone 17 Pro and Pro Max, and iPhone Air. In addition, we launched the fantastic AirPods Pro 3 and the all-new Apple Watch lineup.”

“With the recently announced MacBook Pro and iPad Pro powered by the M5 chip, we are excited to be sharing our most extraordinary lineup of products as we head into the holiday season,” Cook added.

Apple CFO Kevan Parekh said iPhone revenue reached USD 49 billion, up 6 per cent year-over-year, driven largely by the iPhone 16 family.

“iPhone grew in the vast majority of the markets we track, with September quarter records in many emerging markets, including Latin America, the Middle East, and South Asia, and an all-time record in India,” Parekh said.

He noted that the iPhone’s active installed base has reached an all-time high, with a record number of upgraders during the September quarter.

In line with previous estimates, Apple reported USD 1.1 billion in tariff-related costs for the quarter and expects USD 1.4 billion in such costs during the December quarter.