India is key to Apple's record quarter, as iPhone revenue defies price pressures
India, Nov. 3 -- Apple delivered a record fiscal fourth-quarter performance, with global revenue up 12% year-on-year to $114.5 billion, despite not having a standard iPhone model in the current lineup.
Apple chief executive officer John Ternus said the quarter has set an all-time record for the company in the Indian market, and pointed to the launch of Apple Pay with Axis Bank as a key milestone.
Important numbers from Apple's latest earnings call include the quarterly revenue of $114.5 billion, which is an increase of 12% year-on-year (YOY); iPhone revenue at $57.6 billion, which is up 17% from a year ago despite supply constraints and foreign exchange headwinds; Mac revenue at $10.8 billion, which is up 24% year-over-year despite supp...
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