Apple clocks 93% growth in iPhone sales in India in Q3

Apple CEO Timothy Cook said the company has clocked 93 percent growth in sale of iPhones in India and 87 percent increase in China in the third quarter ended June 27, 2015.

The Cupertino-based Apple said iPhone sales globally rose 35 percent to 47.5 million units in the third quarter.

“iPhone sales more than doubled in Germany, Korea, Malaysia, and Vietnam. We’re up over 85 percent in Greater China and in India, and increased more than 45 percent in several countries including Italy, Spain, the Netherlands and Turkey,” said Cook.

Apple sales grew 15 percent in Americas, 19 percent in Europe, 112 percent in Greater China and 26 percent in Rest of Asia Pacific.

Apple posted revenue growth of 112 percent to over $13 billion and iPhone unit growth of 87 percent in Greater China.

Emerging markets overall grew 79 percent to almost $18 billion and represented 35 percent of its total company revenue.

Apple sold 47.5 million iPhones in the quarter, representing 35 percent growth, while its iPad sales fell to 10.9 million from 13.3 million in the year-ago quarter.
Apple Q3 revenue
The strong mix of iPhone 6 and 6 Plus led to an iPhone ASP of $660, an increase of $99 year over year, despite the significant negative foreign exchange impact. Apple reduced iPhone channel inventory by about 600,000 units during the quarter.

Apple iPhone sales in Western Europe grew 30 percent. Japan grew over five times market. Apple doubled in Korea. “India we grew at 93 percent and this is on top of the Greater China numbers that we’ve already covered that grew 87 percent during the quarter against a market of 5 percent,” said Cook.

Apple clocked 32.52 percent increase in sales to $49.6 billion, while net income rose 37.8 percent to $ 10.67 billion.

The growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.

Apple iPhone shipments grew 35 percent, iPad fell 18 percent and Mac rose 9 percent.

Apple said it will revenue between $49 billion and $51 billion in its fiscal 2015 fourth quarter.

Baburajan K
[email protected]