Apple Reports Record India Revenue, Forecasts Best-Ever December Quarter
Apple has achieved an all-time revenue record in India during the September quarter, continuing its strong growth trajectory in the world’s second-largest smartphone market. The company also forecasts its best-ever December quarter revenue globally.
Key Takeaways
- Apple hits historic revenue record in India during September quarter
- Global quarterly revenue reaches $102.5 billion, up 8% year-over-year
- December quarter expected to be company’s best ever
- iPhone revenue grows 6% to $49 billion driven by iPhone 16 family
Strong Global Performance
Apple posted quarterly revenue of $102.5 billion, marking 8% year-on-year growth. CEO Tim Cook announced during the Q4 FY2025 earnings call that the company expects December quarter revenue to be “the best ever for the company and the best ever for iPhone.”
The company achieved September quarter revenue records in dozens of markets including the US, Canada, Latin America, Western Europe, the Middle East, Japan, Korea, and South Asia.
“We also set a September quarter revenue record in emerging markets and an all-time revenue record in India,” Cook stated.
India Market Expansion
Apple’s record performance in India comes as the company deepens its retail footprint and local manufacturing presence. The tech giant has been expanding through new stores and increased local production capabilities.
Cook highlighted that “in the last few months, we’ve opened new stores in emerging markets like India and the UAE and new locations in the US and China” as the company prepares for its busiest season.
Product Lineup Strength
Apple launched its “best iPhone lineup ever” in September, including iPhone 17, iPhone 17 Pro and Pro Max, and iPhone Air. The company also introduced AirPods Pro 3 and new Apple Watch models, combined with recently announced MacBook Pro and iPad Pro featuring the M5 chip.
“We are excited to be sharing our most extraordinary lineup of products as we head into the holiday season,” Cook pointed out.
iPhone Performance Details
CFO Kevan Parekh reported iPhone revenue of $49 billion, representing 6% year-over-year growth driven by the iPhone 16 family. The iPhone active installed base reached an all-time high, with September quarter records for upgraders.
“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 noted.
The company reported $1.1 billion in tariff-related costs for the September quarter and expects $1.4 billion in similar costs during the December quarter, in line with previous estimates.
