India Becomes Significant Growth Market for Apple in Record September Quarter

India has demonstrated itself as a market with impressive growth for Apple in the fourth quarter of the 2026 fiscal year, achieving a historic revenue volume for the company in the country.

Apple CEO John Ternus stated that the company set revenue records in both developed and emerging markets, in addition to the record in India for the September quarter.

The growth in India was driven by a record iPhone upgrade rate in September, with Worldpanel survey data placing the iPhone among the best-selling smartphone models in the country. Furthermore, Mac sales also set a revenue record in India due to demand for the new MacBook Neo and MacBook Pro models.

During this quarter, Apple launched Apple Pay in India in partnership with Axis Bank, expanding the scope of digital payments into one of the world's largest consumer markets.

Apple CFO Kevin Parek noted optimism regarding the long-term future of the company's services business.

Turning to global figures, Apple generated total operating revenue of $114.48 billion for the quarter, an increase of 11.72% compared to $102.47 billion in the fourth quarter of the 2025 fiscal year. For the entire 2026 fiscal year, total revenue reached a historic high of $478.83 billion, which is 15.06% higher than $416.16 billion, and net income for the year amounted to $132.18 billion, an 18% year-over-year increase.

Quarterly revenue was divided into two main streams: product revenue of $82.90 billion (72.42% of the total) and services revenue of $31.57 billion (27.58% of the total).

In the product category, the iPhone brought in $57.58 billion (50.30% of total revenue), showing a year-over-year growth of 17.46% thanks to global upgrade records and demand for the iPhone 18 Pro and foldable iPhone Duo. Services reached a historic high of $31.57 billion, increasing by 9.82% year-over-year due to record revenues from cloud services, video, and payments, with paid subscriptions exceeding $1.5 billion.

Mac revenue grew by 23.68% year-over-year to $10.79 billion, driven by the active adoption of the MacBook Neo and increased market share globally. Conversely, the Wearables, Home, and Accessories segments decreased by 7.91% year-over-year to $8.30 billion amid challenging comparisons with the previous year, and iPad revenue fell by 10.40% year-over-year to $6.23 billion due to supply constraints.

Apple's earnings per share increased by 11.81% year-over-year to $30.71 billion compared to $27.47 billion in the fourth quarter of the 2025 fiscal year, aided by a tax refund benefit of $0.05 per share.

On an annual basis, EBITDA, reflecting operating cash flow, reached $171.49 billion, providing an EBITDA margin of 35.81% on $478.83 billion in revenue. Total operating expenses amounted to $59.66 billion, an increase of 10.22% year-over-year. Total operating expenses rose by 20.58% year-over-year to $19.19 billion.

Research and Development (R&D) became the largest cost center, totaling $11.73 billion (61.13% of total operating expenses), an increase of 32.30% year-over-year compared to $8.87 billion, as Apple accelerated investments in generative artificial intelligence (AI), such as Siri AI, and proprietary silicon.

Meanwhile, Apple's active installed base exceeded 2.5 billion devices, and quarterly operating cash flow was $28.10 billion, with company reserves reaching $137 billion.

However, rising memory prices created unprecedented pressure on profit margins, and supply constraints on advanced semiconductor chips limited device availability. Ternus explained that the current rise in memory prices is unprecedented, and although the September quarter saw a higher increase in memory costs compared to the June quarter, this was partially offset by the benefit of inventory and lower costs for some non-memory components.

Supply chains also hindered shipments. Sabih Khan, Apple's Chief Operating Officer, clarified that the constraints in the fourth quarter were mainly related to the availability of advanced nodes where their SoCs are manufactured, but as the company transitions more of its lineup to the latest 2nm generation technology nodes, advanced node constraints are easing.

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olhardigital.com.brNovember 3, 01:11

Apple surpasses expectations and achieves best financial result in its history

Apple reported revenue of US$ 114.5 billion (about R$ 622.7 billion) in the fourth fiscal quarter of 2026, which ended on September 26. This figure represents a 12% growth compared to the same period last year, setting a new quarterly record. Net income also increased, reaching US$ 30.7 billion (R$ 167 billion), corresponding to an annual increase of approximately 12%.

The financial data was made public this Monday (2) and exceeded Wall Street forecasts. The success was mainly driven by sales of the iPhone 18 Pro, while the services division also recorded its highest revenue ever.

Diluted earnings per share were US$ 2.10 (approximately R$ 11.42), marking a 14% advance over the fourth fiscal quarter of 2025. The gross margin stood at 47.9%, positively benefited by a tariff adjustment of approximately one percentage point.

This was the first quarterly report under the management of John Ternus, who took over as CEO in September, succeeding Tim Cook. The smartphone division was the highlight of the balance sheet, with iPhone revenue reaching US$ 57.6 billion (approximately R$ 313.2 billion), a 17% growth compared to the third quarter of 2025.

This result surpassed analyst estimates, which predicted around US$ 56.5 billion (R$ 307.4 billion). Strong demand for the iPhone 18 Pro models contributed to sales, despite the company's new approach to distributing device launches throughout the year.

The services division also showed remarkable performance, with revenue of US$ 31.6 billion (R$ 171.7 billion), an increase of about 10% compared to last year and a new historical record. This segment includes activities such as Apple Music, iCloud, and the App Store.

Additionally, the Mac computer division generated US$ 10.8 billion (R$ 58.7 billion), representing a growth of approximately 24% compared to the same period last year, also exceeding market projections.

Conversely, two product categories registered a decline. The results indicate that Apple's growth remains primarily concentrated in the iPhone and services, although computers have shown considerable expansion.

Despite the positive performance, the company faces the challenge of increasing costs for components used in manufacturing its devices, particularly memory chips. This cost increase is attributed to higher demand for such components, which is also stimulated by the expansion of artificial intelligence (AI) infrastructure.

According to John Ternus, higher prices for certain products helped partially mitigate this pressure on margins. Apple raised the prices of specific models in the iPhone 17 line by US$ 100 and also adjusted the prices of some MacBook computers.

The gross margin of 47.9% was higher than the 47.5% projected by analysts consulted by LSEG. Another aspect highlighted by the CEO was the functioning of the revamped AI Siri, which currently processes about 2.5 billion requests daily.

Apple also commented on the launch of the iPhone Duo, the company's first foldable smartphone, which occurred in October. The device sold out quickly online and caused queues in stores, but demand remains above supply capacity. In an interview with Reuters, Ternus confirmed that only a small fraction of units were returned due to screen issues, and the company is replacing these devices. The executive admitted that there is still no forecast to match supply and demand.

Since the iPhone Duo was launched on October 23, its sales were not included in the balance sheet released this Monday; the results of this device should appear in the next fiscal quarter.

The fourth quarter performance allowed the company to conclude its best fiscal year in terms of revenue. In 2026 cumulatively, Apple generated US$ 28 billion (R$ 152.3 billion) in operating cash flow during the fourth quarter, an amount returned to shareholders via dividends and stock buybacks. The board of directors also announced a dividend of US$ 0.27 per share (approximately R$ 1.47), scheduled for payment on November 16.

Despite the financial surplus, Apple's shares suffered a slight drop of about 1% in after-hours trading, amid sector volatility.

www.aajtak.inNovember 1, 15:57

India becomes the first team in the world to score 400 sixes in T20 in one year

The Indian T20 team has once again demonstrated its dominance by setting a new world record. After two victories in the T20 World Cup, the Indian squad achieved a significant result during a series of matches against New Zealand.

Despite losing to New Zealand in the fifth T20 match, which took place at Sedden Park and ended with a seven-wicket difference, the Indian team accomplished something unprecedented. India became the first team in the world to score 400 sixes in T20 Internationals in a calendar year.

During this match against the Kiwis, Indian batsmen hit 11 powerful sixes, allowing them to surpass the mark of 400 sixes. Throughout the season, in 40 matches, Indian batsmen created a real storm of runs and sixes, leaving other teams far behind. Teams from Australia and West Indies, which hold second and third places on this list (with 224 sixes each), did not come close to India's figures.

In particular, young aggressive opener Abhishek Sharma led in hitting sixes for India, scoring 86 sixes alone. He was followed by Ishan Kishan with 60 sixes and Sanju Samson with 50 sixes, making a substantial contribution to achieving this record. Furthermore, only against New Zealand this year did India hit a total of 142 sixes, which is the highest number of sixes hit against one opposing team in a year.

Regarding the match itself, the Indian team looked in a difficult position after losing two wickets at 19 runs. However, after this, Ishan Kishan and captain Shreyas Iyer started to dominate. Both players built a fiery partnership on the third wicket for 93 runs. Ishan Kishan scored 61 runs, doing so off 31 balls with 5 fours and 5 sixes. Captain Shreyas Iyer had a brilliant match, earning 50 runs in just 23 balls thanks to 3 fours and 4 sixes. At the end of the match, Neman Dheer (33 runs) and Nitish Kumar Reddy (22 runs) also showed their game.

Nevertheless, fast bowler Adam Milne of New Zealand played a decisive role, taking 4 wickets and conceding only 19 runs, which allowed India to be stopped at 191/8 in 20 overs. Following this, New Zealand won the match by seven wickets, losing three wickets.

business-standard.comOctober 23, 20:47

Apple's Revenue in India Grew by 32% and Exceeded 1 Trillion Rupees in FY2026

According to data provided by the market analysis firm Tofler, Apple's revenue in India increased by more than 32 percent, reaching 104,607 crore rupees in the 2026 fiscal year.

The company registered revenue of 79,060.5 crore rupees in the 2025 fiscal year. Tofler reported that Apple India Private Limited is engaged in the sale and promotion of products and software under the Apple brand, and for the 2025-2026 fiscal year, the company reported revenue of 104,607 crore rupees, which represents a 32 percent increase compared to the previous fiscal year.

Apple's net profit in India also showed significant growth, increasing by 66 percent to reach 5,311 crore rupees for the same fiscal period. The company's total expenses for this fiscal year were recorded at 96,224 crore rupees, according to Tofler.