HT TECH wants to start sending you push notifications. Click allow to subscribe

Apple Q2: CEO Tim Cook on India, all-time record for Services and March quarter record for iPhone

Tim Cook on India, Apple Q2 results, iPhone record quarter and more.

By: HT TECH
Updated on: May 05 2023, 13:52 IST
Tim Cook said, "I really feel that India is at a tipping point, and it's great to be there." (Bloomberg)
Tim Cook said, "I really feel that India is at a tipping point, and it's great to be there." (Bloomberg)

In its financial results for the fiscal 2023 second quarter ended April 1, 2023, Apple today reported a quarterly revenue of $94.8 billion, which was down 3 percent year over year. However, the quarterly earnings per diluted share of $1.52, is unchanged year over year.

Tim Cook said, "Today, we're reporting revenue of $94.8 billion for the March quarter, which was better than our expectations. We set an all-time record for Services and a March quarter record for iPhone. We were particularly pleased with the performance we saw in emerging markets and achieved all-time records in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, as well as a number of March quarter records, including in Brazil, Malaysia and India."

You may be interested in

Mobiles Tablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
23% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
₹115,999₹149,999
Buy now
5% OFF
Apple iPhone 15 Plus 256GB
  • Black
  • 6 GB RAM
  • 256 GB Storage
₹94,900₹99,900
Buy now
9% OFF
Apple iPhone 15 256GB
  • Black
  • 6 GB RAM
  • 256 GB Storage
₹90,990₹99,900
Buy now
Apple MacBook Pro M3 MR7J3HN A Ultrabook
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹169,900
Buy now
Apple MacBook Air M2 MQKQ3HN A Ultrabook
  • Space Grey
  • 8 GB RAM
  • 512 GB SSD
₹134,900
Buy now
Apple MacBook Pro M2 MNEH3HN A Ultrabook
  • Space Grey
  • 8 GB RAM
  • 256 GB SSD
₹100,000
Buy now
Apple MacBook Pro MXK32HN A Ultrabook
  • Space Grey
  • 8 GB RAM
  • 256 GB SSD
₹100,000
Buy now
3% OFF
Apple iPad Pro 11 2022 WiFi 1TB
  • Silver
  • 16 GB RAM
  • 1 TB Storage
₹147,328₹151,900
Buy now
3% OFF
Apple iPad Pro 12 9 2022 WiFi plus Cellular 256GB
  • Silver
  • 8 GB RAM
  • 256 GB Storage
₹133,750₹137,900
Buy now
Apple iPad Pro 11 2022 WiFi plus Cellular 512GB
  • Silver
  • 8 GB RAM
  • 512 GB Storage
₹126,900
Buy now
3% OFF
Apple iPad Pro 12 9 2022
  • Silver
  • 8 GB RAM
  • 128 GB Storage
₹124,051₹127,900
Buy now

As for the highlights of the quarter, Cook said,"In a milestone for Apple, we just opened our first two Apple stores in India, in Mumbai and Delhi. I was there to see it for myself, and I couldn't have been more delighted by the excitement and enthusiasm of the customers, developers, creators and team members I got to spend time with.”

Also read: Looking for a smartphone? To check mobile finder click here.

Apart from this, Cook also elaborated on the expanding business in India. He said, "Looking at the business in India, we did set a quarterly record, grew very strong, double digits year-over-year. So it was quite a good quarter for us, taking a step back, India is an incredibly exciting market. It's a major focus for us. I was just there, and the Dynamism in the market, the vibrancy is unbelievable. Overall, I couldn't be more delighted and excited by the enthusiasm I'm seeing for the brand there. There are a lot of people coming into the middle class, and I really feel that India is at a tipping point, and it's great to be there.”

Apple result

Cook said, “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high.”

Luca Maestri, Apple CFO, added, “Our year-over-year business performance improved compared to the December quarter, and we generated strong operating cash flow of $28.6 billion while returning over $23 billion to shareholders during the quarter.”

He averred, “Given our confidence in Apple’s future and the value we see in our stock, our Board has authorized an additional $90 billion for share repurchases. We are also raising our quarterly dividend for the eleventh year in a row.”

Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock, an increase of 4 percent.

Follow HT Tech for the latest tech news and reviews , also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 05 May, 13:52 IST
Tags:

Sale

Mobiles Tablets Laptops
5% OFF
Apple iPhone 13 Pro 256GB
  • Gold
  • 6 GB RAM
  • 256 GB Storage
₹137,990₹144,900
Buy now
14% OFF
Apple iPhone 6s 128GB
  • Gold
  • 2 GB RAM
  • 128 GB Storage
₹51,790₹59,900
Buy now
5% OFF
Apple iPhone 11 Pro Max 256GB
  • Gold
  • 4 GB RAM
  • 256 GB Storage
₹137,990₹144,900
Buy now
4% OFF
Apple iPhone 14 Pro Max 1TB
  • Gold
  • 6 GB RAM
  • 1 TB Storage
₹177,990₹184,900
Buy now
3% OFF
Apple iPad Pro 12 9 2021 WiFi plus Cellular 512GB
  • Silver
  • 8 GB RAM
  • 512 GB Storage
₹153,148₹157,900
Buy now
3% OFF
Apple iPad Pro 11 WiFi 512GB
  • Silver
  • 4 GB RAM
  • 512 GB Storage
₹108,532₹111,900
Buy now
3% OFF
Apple iPad Pro 11 WiFi Cellular 512GB
  • Silver
  • 4 GB RAM
  • 512 GB Storage
₹123,081₹126,900
Buy now
3% OFF
Apple iPad Pro 12 9 2022
  • Silver
  • 8 GB RAM
  • 128 GB Storage
₹124,051₹127,900
Buy now
10% OFF
Apple MacBook Pro MPXU2HN A Ultrabook
  • Silver
  • 8 GB RAM
  • 256 GB SSD
₹144,539₹160,000
Buy now
4% OFF
Apple MacBook Pro M2 Pro MNW93HN A Ultrabook
  • Natural Silver
  • 16 GB RAM
  • 1 TB SSD
₹279,490₹289,900
Buy now
4% OFF
Apple MacBook Pro M2 Pro MNWD3HN A Ultrabook
  • Silver
  • 16 GB RAM
  • 1 TB SSD
₹279,490₹289,900
Buy now
10% OFF
Apple MacBook Pro M1 MYDC2HN A Ultrabook
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹144,539₹160,000
Buy now
NEXT ARTICLE BEGINS