Apple's third-quarter revenue surges thanks to double-digit India sales, but the company's growth outlook slows as chip supply concerns spread to the iPhone.

1. Apple's third-quarter revenue surges
thanks to double-digit India sales, but
the company's growth outlook slows
as chip supply concerns spread to
the iPhone.
On the basis of robust growth in emerging economies,Apple Inc's June
quarter revenue increased 36.4 percentyear over year to $81.4 billion, a
record for the quarter. Apple CEO Tim Cook stated that the bulk of the
markets they monitored grew by double digits, with India, Vietnam, and
Latin Americaperforming particularly well.
Apple's third-quarter revenue soars because to double-digitIndia sales, but
the company's growth outlook dims as fears about chip availability spread
to the iPhone.

2. Apple Inc.'s June quarter revenue grew 36.4 percent year over year to
$81.4 billion, a record for the quarter, thanks to strong growth in emerging
nations. According to Apple CEO Tim Cook,the majority of the markets
they tracked rose by double digits, with India, Vietnam, and Latin America
doing particularly well.
Apple executives are well aware that India is a price-sensitive market, and
the company has placed a strong emphasis on pricing in recent years. With
promotions and offers,the iPhone SE costs less than Rs 40,000,while the
iPhone XR and 11 versions costa bit less than Rs 50,000.
Apple has previously highlighted the potential opportunities it sees in India,
as well as ambitions to create physical stores in addition to its online shop,
in order to solidify its position in one of the world's largest and most
competitive smartphone markets. The company has stated that it is eager
to provide in-store and online experiences in India that are up to par with its
worldwide standards.
Cook, on the other hand, restrained expectations by stating that the
worldwide chip scarcity, which has already impacted Macbook and iPad
sales, will soon influence iPhone production. As a result, he expects sales
growth to decrease,according to Reuters.
Apple officials predictthat the company's fourth-quarter revenue would
climb by double digits, although at a slower pace than the third quarter.
They claimed that the chip scarcity did not have as much of an impact on
the company as projected in the most recent quarter, but that things would
only get worse from here.
Apple informed investors last quarter that the chip shortage would halt
shipments worth up to $4 billion.