Strong growth in India, Latin America helps Apple log record $ 81.4 billion revenue in Jun quarter
The Hindu
In the past too, Apple has highlighted that it sees growth opportunities in the Indian market.
Strong double-digit growth in markets like India and Latin America have helped iPhone maker Apple report a double-digit revenue growth at $ 81.4 billion – a new record for the June quarter, according to its CEO Tim Cook. Apple registered a net income of $ 21.7 billion in the June 2021 quarter as against $ 11.2 billion in the year-ago period. The total net sales increased to $ 81.4 billion from $ 59.6 billion from June 2020 quarter. These are global numbers and the company does not disclose country-specific financial numbers. Apple has reported a very strong quarter with double-digit revenue growth across product and services categories and in every geographic segment, Mr. Cook said during the earnings call.
Japan's SoftBank Group said Saturday it plans to build a huge new gas-fired power plant in the US state of Ohio
Silver prices plunge 9% to ₹2.06 lakh per kg in futures trade amid weak global cues and rising macroeconomic pressures.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge
Global equity markets plummet as West Asia tensions rise and oil prices surge, triggering significant investor anxiety.
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.