Apple inc. has released their quarterly sales and profits report on Wednesday in which it states that company has witnessed record profits and revenue gains with their new 5G handset and rising sales in China.
The company revealed an all time high $111.4 billion revenue. It is a 21% increase if compared to similar revenue streams last year. Apple also reported record sales of its iPhone12, Mac laptops and iPads due to work from home culture during the pandemic.
As per several reports, India now plays a significant role for Apple inc. At the Apple Financial Results earning call, Tim Cook has mentioned about the significance of market in India.
Apple is a biggest US listed public company with a value of $2.4 trillion. Apple has thrived even during the pandemic because its customers or potential customer base upgraded their devices.
As per a report published by Reuters, Apple has a base of 1.65 billion devices as against 1.5 billion devices a year ago. As per reports, the sales of Apple iPhone rose in China by 57% gaining $21.31 billion.
“We are also going in there with retail stores in the
future and so we look to that to be another great initiative, and we continue
to develop the channel as well,” Tim Cook confirmed Apple inc. plans to
physical retail stores in India.
Read More: Apple sets September quarter record in India: Tim Cook