Apple Sees Record Growth in India and Emerging Markets, Boosting Q3 Revenue to $90 Billion
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Apple achieved record revenue of nearly $90 billion in Q3, with strong double-digit growth in India and other emerging markets.
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CEO Tim Cook said Apple reached an all-time revenue record in India, calling it an "incredibly exciting market" with huge potential.
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The iPhone segment revenue was $43.8 billion, up 3% YoY, with all-time high active installed base.
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Apple is targeting growth in other emerging markets like Vietnam and Chile by launching online stores and affordability programs.
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Apple's expansion into emerging markets has positioned the company for sustained growth, with India as a prime example of their success.