Apple Q2: CEO Tim Cook on India, all-time record for Services and March quarter record for iPhone
tech.hindustantimes.comIn its financial results for the fiscal 2023 second quarter ended April 1, 2023, Apple today reported a quarterly revenue of $94.8 billion, which was down 3 percent year over year. However, the quarterly earnings per diluted share of $1.52, is unchanged year over year.
Tim Cook said, "Today, we're reporting revenue of $94.8 billion for the March quarter, which was better than our expectations. We set an all-time record for Services and a March quarter record for iPhone. We were particularly pleased with the performance we saw in emerging markets and achieved all-time records in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, as well as a number of March quarter records, including in Brazil, Malaysia and India."
As for the highlights of the quarter, Cook said,"In a milestone for Apple, we just opened our first two Apple stores in India, in Mumbai and Delhi. I was there to see it for myself, and I couldn't have been more delighted by the excitement and enthusiasm of the customers, developers, creators and team members I got to spend time with.”
Apart from this, Cook also elaborated on the expanding business in India. He said, "Looking at the business in India, we did set a quarterly record, grew very strong, double digits year-over-year. So it was quite a good quarter for us, taking a step back, India is an incredibly exciting market. It's a major focus for us. I was just there, and the Dynamism in the market, the vibrancy is unbelievable. Overall, I couldn't be more delighted and excited by the enthusiasm I'm seeing for the brand there. There are a lot of people coming into the middle class, and I really feel that India is at a tipping point, and it's great to be there.”
Cook said, “We are pleased to
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