Apple Achieves Record-Breaking Harvest in India

Apple set quarterly revenue records in over two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand, CEO Tim Cook said.

Apple Achieves Record-Breaking Harvest in India
Apple Achieves Record-Breaking Harvest in India
Source: Economic Times

Apple has shared its financial results for the third quarter of fiscal year 2024, which ended on June 29. The company made $85.8 billion in revenue, which is a 5% increase from the same period last year and higher than the $84.5 billion analysts had expected.

During a call with investors, Apple CEO Tim Cook mentioned that the company set new revenue records in over 24 countries, including India. He highlighted strong performances in countries like Canada, Mexico, France, Germany, the UK, Indonesia, the Philippines, and Thailand.

For this quarter, Apple earned $1.40 per share, an 11% increase from last year. The company generated nearly $29 billion in operating cash flow and returned over $32 billion to shareholders. A cash dividend of $0.25 per share will be paid on August 15, 2024, to those who own shares as of August 12, 2024.

Apple’s CFO, Luca Maestri, noted a 2% increase in Mac revenue, driven by strong sales in emerging markets, including Latin America, India, and South Asia. This growth was largely due to the success of the new M3-powered MacBook Air.

Breaking down the revenue, iPhone sales were $39.30 billion, slightly down by 0.94% from last year. This decrease was expected because Apple usually sees lower iPhone sales before a new model is released. Mac sales rose by 2.46% to $7.01 billion, and iPad sales jumped by 23.63% to $7.16 billion, reversing a previous decline.

Sales of Apple Watch and AirPods fell, with wearables and accessories generating $8.10 billion, a 2.26% drop. However, revenue from Apple's Services, like iCloud and Apple Music, grew by 14.14% to $24.21 billion, reaching a new record.

Cook also shared his excitement about the potential of artificial intelligence (AI) to improve customer experiences and announced that Apple will be making significant investments in AI technology. This AI will be integrated into everyday apps to enhance user experiences in a natural and engaging way.

Source: Economic Times

Google's New AI update | Answers Voice Queries About Videos & Photos

Google's New AI update | Answers Voice Queries About Videos & Photos

Google is adding AI to its search engine, letting users ask questions about images by voice and some...
WhatsApp Adds Instagram-Like Feature to Status | What Is That

WhatsApp Adds Instagram-Like Feature to Status | What Is That

WhatsApp is introducing more features to Status updates, increasing user engagement, which makes tag...
Google Chrome Users at Increased Risk of Hacking | How to Protect Your System

Google Chrome Users at Increased Risk of Hacking | How to Protect Your System

The Indian government has issued a warning to Google Chrome users regarding critical vulnerabilities...
Get iPhone 16 delivered in 20 mins with BigBasket, Blinkit, & Zepto

Get iPhone 16 delivered in 20 mins with BigBasket, Blinkit, & Zepto

Quick commerce platforms like BigBasket, Blinkit, and Zepto are now delivering the iPhone 16 in just...
Govt Extends Free Aadhaar Update Deadline | Why You Should Update Now

Govt Extends Free Aadhaar Update Deadline | Why You Should Update Now

The UIDAI has extended the free Aadhaar update deadline to 14 December 2024, urging citizens to upda...
Google to Mark AI-Generated Content in Search Results for Enhanced Transparency

Google to Mark AI-Generated Content in Search Results for Enhanced Transparency

Google is launching labels in search results to mark AI-generated content, enhancing transparency an...
Meet OpenAI o1 | The Thoughtful Strawberry AI Model | Here's How It Works

Meet OpenAI o1 | The Thoughtful Strawberry AI Model | Here's How It Works

OpenAI has introduced the new o1 AI model, which is more intelligent but comes at a higher cost. It ...
Meta AI Voice is Coming to WhatsApp | Just Like ChatGPT

Meta AI Voice is Coming to WhatsApp | Just Like ChatGPT

WhatsApp is adding Meta AI voice options, letting users choose from various accents like UK and US, ...
Apple Unveils iPhone 16 & iPhone 16 Plus | Tim Cook Declares the Dawn of a New Era

Apple Unveils iPhone 16 & iPhone 16 Plus | Tim Cook Declares the Dawn of a New Era

At the 'Glowtime' event on September 9, Apple introduced the iPhone 16 series, Apple Watch S...