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Apple reports $81 billion revenue in June quarter

Apple reported strong growth in India for the fourth straight quarter in the three months ended June, underscoring continued robust demand for its premium smartphones.

Besides India, the US technology giant set June quarter sales records in Mexico, Brazil, Chile and Turkey among emerging markets.

“Today, Apple is reporting a very strong quarter with double-digit revenue growth across our product and services categories and in every geographic segment. We set a new June quarter revenue record of $81.4 billion, up 36% from last year, and the vast majority of markets we tracked grew in double digits, with especially strong growth in emerging markets, including India, Latin America and Vietnam,” Tim Cook, Apple’s chief executive, said during the company’s earnings call for the June quarter late Tuesday.

According to analysts, Apple has only a 2-3% market share in India’s smartphone market, but it accounts for almost half of all premium smartphones sold in the country, which comprises phones costing more than $700. The company had also reported “double-digit” growth in India in the March quarter this year.

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