Tim Cook, CEO of Apple, addressed India’s significance during the company’s Q1 2025 earnings call. For the fiscal 2025 first quarter that ended on December 28, 2024, it announced a 10% increase in diluted earnings per share of $2.40 and a 4% year-over-year increase in quarterly revenue of $124.3 billion, despite a decline in net iPhone sales. Apple Music and iCloud services continued to be successful, while sales of Macs and iPads also increased significantly.
Tim Cook, Apple’s CEO said, “Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago. We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we’re excited that Apple Intelligence will be available in even more languages this April.”
According to Tim Cook, Apple Intelligence will be accessible in additional languages in April, including simplified Chinese, French, German, Italian, Portuguese, Spanish, Japanese, Korean, and localised English for Singapore and India.
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According to a recent Kantar study, he also disclosed that the iPhone Active Install Base hit a record high across all geographic categories and that the model established a record for upgraders. The best-selling model during the December quarter was the iPhone.
Tim highlighted the company’s strong expansion in emerging nations, especially India, where the iPhone topped sales for the quarter. Tim intends to open four more stores in India, where the December quarter hit a record. Tim thinks there is a lot of room for growth in India, one of the many developing markets with enormous promise, even though his market share is small.
He said, “We have great results in a number of emerging markets, and as you know from past calls, particularly keen on India. India set a December-quarter record during the quarter, and we’re opening more stores there, we’ve announced that we’re going to open four new stores there. The iPhone was the top-selling model in India for the quarter, and it’s the second-largest smartphone market in the world and the third-largest for PCs and tablets, and so there’s a huge market, and we have very modest share in these markets, and so I think there’s lots of upside there, and that’s just one of the emerging markets.”
According to Kevan Parekh, Apple’s CFO, companies are increasing the use of Apple products and services in the business sector. In addition to releasing the newest MacBook Air as a standard for their mortgage lending division, Deutsche Bank started its Mac As Choice program for developers. In the United States, top companies like SAP are using Apple Intelligence to improve the experiences of their customers and employees. Macs are also in high demand in emerging markets, such as Zomato in India. For distant collaboration and education, Cisco’s innovative Spatial Meetings provides a completely immersive video conferencing experience.
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“Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders,” said Kevan Parekh, Apple’s CFO. “We are also pleased that our installed base of active devices has reached a new all-time high across all products and geographic segments.”
Apple’s board of directors has announced a cash dividend of $0.25 per share of the company’s common stock, payable on February 13, 2025, to shareholders as of February 10, 2025.
