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Apple says doubled business in India in fiscal ended September

Apple posted a 29 per cent year-on-year growth in revenue at USD 83.4 billion in the fourth quarter ended September 25, 2021. Its net income stood at USD 20.55 billion in the said quarter as against USD 12.67 billion in the year-ago period.

October 29, 2021 / 02:00 PM IST
As the tech giant is asking developers to promote payments using the Apple ID balance, Apple is now giving a 20 percent bonus to Indian users who add funds to their Apple ID.

As the tech giant is asking developers to promote payments using the Apple ID balance, Apple is now giving a 20 percent bonus to Indian users who add funds to their Apple ID.

Technology major Apple earned nearly one-third of its revenue from emerging markets and doubled its business in India and Vietnam in fiscal 2021, according to its CEO Tim Cook said.

Apple posted a 29 per cent year-on-year growth in revenue at USD 83.4 billion in the fourth quarter ended September 25, 2021. Its net income stood at USD 20.55 billion in the said quarter as against USD 12.67 billion in the year-ago period.

Its total net sales stood at USD 365.8 billion during the fiscal ended September 2021.

"And we set quarterly records in every geographic segment with strong double-digit growth across the board. During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam,” Cook said.