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Apple Reports Record Revenue in Q1 on the Back of Increasing Demand for iPhones and Other Devices

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 31, 2020 8:10 AM 1 min read

Apple reports record revenue in Q1 on the back of increasing demand for iPhones and other devices. 



Apple reports record revenue in Q1.

Tech giant Apple has reported a record revenue of $91.8bn in Q1, up 9% YoY and beating its own estimates on the back of increasing demand for iPhones and other devices. 


Revenue from iPhone sales in the quarter was $55.8bn. AirPods and Apple Watch contributed 10% to Apple’s total quarterly revenues at $10bn. This was more than $7.2bn clocked by MacBook laptops. Gadgets Now


While Apple doesn’t share country specific numbers, particularly for India, the Rest of Asia Pacific category that includes India saw increased sales of $7.3bn in the quarter vs just less than $7bn the year before. News18


Apple expected to launch online store for India soon.

Apple is expected to launch its online store store for India in the second half of this year. This will be in addition to the flagship store that is scheduled to launch in Mumbai.


At present, Apple sells its products on ecommerce platforms such as Amazon, Flipkart and Paytm Mall, and relies on third-party retailers online and offline. TechCrunch


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