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Technology

Apple posts strongest June quarter as India growth gathers pace

hellohimachalse@gmail.com 31 Jul 2026 6 days ago

New Delhi: Apple has reported a record June quarter in India, helped by stronger demand for the iPhone, Mac computers and its growing services business. The company said India was among several markets where revenue reached a new high during the three months ended June 27, 2026.

The India update came as Apple announced global quarterly revenue of $109.4 billion, up 16 per cent from the same period last year. Diluted earnings per share rose 29 per cent to $2.02. The results included a favourable impact from tariff refunds, which added about two percentage points to gross margin and $0.11 to earnings per share.

Apple records growth across emerging markets

Apple CEO Tim Cook said the company achieved June quarter revenue records across every geographic segment.

“We were pleased to see strength across the board with June quarter records in the U.S., Latin America, Western Europe, India, China mainland, Japan, and Southeast Asia,” Cook said.

He added, “We also achieved June quarter revenue records in both developed and emerging markets and saw double-digit growth in most emerging markets.”

Mac sales rise 29 per cent

Mac revenue reached $10.4 billion during the quarter, rising 29 per cent year over year. Apple Chief Financial Officer Kevan Parekh credited demand for the MacBook Neo and MacBook Pro.

“We grew in both developed and emerging markets, with strong double-digit growth in markets like Latin America, India, and Southeast Asia,” Parekh said.

He added that Mac recorded its best quarter for new customers and upgraders worldwide, including in India, the US and mainland China.

Apple’s total gross margin stood at 50.1 per cent. Its board declared a dividend of $0.27 per share, payable on August 13, 2026, to eligible shareholders on record as of August 10.

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