Apple has reported a new June quarter revenue record of $85.8 billion, marking a 5% increase from the previous year. The company’s CEO, Tim Cook, credited this growth to the performance in various countries and regions, including the notable rise in India. Cook announced during the earnings call that Apple had set quarterly revenue records in more than two dozen countries and regions, with services revenue experiencing a 14% increase. The company also celebrated strong performance in its Mac division, particularly in emerging markets such as Latin America, India, and South Asia.
These impressive results followed the announcement of significant software platform updates at Apple’s Worldwide Developers Conference, including the unveiling of Apple Intelligence—a revolutionary personal intelligence system leveraging powerful AI models on iPhone, iPad, and Mac devices. Cook expressed enthusiasm about the forthcoming enhancements that will enrich user experiences and reiterated Apple’s commitment to investing in innovations that align with the company’s core values.
Luca Maestri, Apple’s Senior Vice President and Chief Financial Officer, shared that Mac generated $7 billion in revenue, driven by the success of the MacBook Air featuring the M3 chip. The company demonstrated strong performance in various regions, with June quarter records achieved in markets like Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand. The positive response to Apple Intelligence and the company’s ongoing efforts to explore the potential of AI indicate a promising future for Apple as it continues to unlock new possibilities for users worldwide.
