Apple Inc., known by its innovative products, is currently dominating the tech market. Now, Apple is gaining more profit from higher demands on its iPhone worldwide and is also now growing sales from iPhone, iPad and Mac in India.
Apple announced its quarterly profit which has increased due to high sales of iPhone. However, the sales of its iPad tablets declined over the past months. The company's profit increased by 11.6 per cent from last year, earning a profit of $7.7 billion from its revenue of $37.4 billion for the past 3-month period to June 28, the Japan Times reports.
It was also reported that Apple sold 35.2 million iPhones in the quarter which increased almost 13 per cent from the same period last year.
"Our record June quarter revenue was fueled by strong sales of iPhone and Mac and the continued growth of revenue from the Apple ecosystem, driving our highest EPS growth rate in seven quarters," said Apple CEO Tim Cook in a statement, as quoted by the Mac Observer.
According to Cook, Apple reported strong growth sales from its major products where an increase of 55 per cent sales of iPhone was seen over the past year in India. The company reportedly sold a total of 15.3 million iPads worldwide, wherein India has an increase of 45 per cent sales.
"iPad sales grew overall in the developing markets with particularly strong year-over-year growth in the Middle-East, where iPad sales were up 64%, in China where they grew 51%, and in India, where they were up 45%," said Luca Maestri, senior vice president and chief financial officer, in Apple Inc.'s Q3 2014 earnings conference call.
Maestri added the company also sold 4.4 million Macs, an increase of 18 per cent compared last year. Apple has achieved a double digit Mac growth in the U.S. Canada, Mexico, the UK, Germany, France, Australia, China, India and the Middle East.
A deal between Apple and the world's biggest mobile carrier, China Mobile, is likely to boost iPhone sales worldwide during a time when Google's Android system, its biggest competitor, has 80 per cent of the market, New Vision reports.