Apple inc. has released their quarterly sales and profitsreport on Wednesday in which it states that company has witnessed recordprofits and revenue gains with their new 5G handset and rising sales in China.
The company revealed an all time high $111.4 billionrevenue. It is a 21% increase if compared to similar revenue streams last year.Apple also reported record sales of its iPhone12, Mac laptops and iPads due towork from home culture during the pandemic.
As per several reports, India now plays a significantrole for Apple inc. At the Apple Financial Results earning call, Tim Cook hasmentioned about the significance of market in India.
Apple is a biggest US listed public company with a valueof $2.4 trillion. Apple has thrived even during the pandemic because itscustomers or potential customer base upgraded their devices.
As per a report published by Reuters, Apple has a base of1.65 billion devices as against 1.5billion devices a year ago. As per reports, the sales of Apple iPhone rose inChina by 57% gaining $21.31 billion.
“We are also going in there with retail stores in thefuture and so we look to that to be another great initiative, and we continueto develop the channel as well,” Tim Cook confirmed Apple inc. plans tophysical retail stores in India.