wordpress blog stats
Connect with us

Hi, what are you looking for?

Apple India iPhone sales up 56% in Q2FY16

https://www.flickr.com/photos/canonsnapper/2675676254/in/photolist-55rxkd-58kzW4-6WZUSB-7N6rta-99qsvE-cv9669-o99o5P-8TEnXo-7AoBQ5-osmqvp-nwEwct-nwEwHj-4eFAuT-5DS4H8-5DS4K6-5DWku7-djMbop-djJ5LK-ngoY5t-7uHgJK-djMMTw-djMJR8-oqkEPB-djJ6Ni-9NzgM8-8MNpHW-bUFZ8A-djJvv5-99qunQ-99quwE-7Xq4xt-ng7tfd-cjdoCU-7dJEer-7AjWxK-o96VCr-6xzBm4-oVmmCN-4aKwYC-9aBJb6-drByLv-drBx78-drBxot-4KPnVE-arzdXw-5swFf4-9VgsUj-aGkHnK-pLmYNb-fNBBK1

Apple posted a net profit of $10.5 billion for the quarter ended March 26, 2016 (Q2FY16) and generated revenues of $50.6 billion. However, the company provided a lower revenue guidance of $41-43 billion for the next quarter amid slowing device sales. Here are some of the key takeaways from Apple’s call with investors:

iPhone sales up 56% in India:

Apple CEO Tim Cook said that iPhone sales were up 56% this quarter. He added that “I view India as where China was maybe seven to ten years ago from that point of view, and I think there’s a really great opportunity there.”

Earlier in November 2015, Apple India crossed the $1 billion sales mark for FY15. The registrar of companies filings showed that Apple India posted a 44% increase in sales to Rs 6,472.89 crore from Rs 4,500.35 crore and net profit doubled to Rs 242.85 crore from Rs 119.48 crore.

iPhones sales slowing:

Advertisement. Scroll to continue reading.

Globally however, iPhone sales slowed. Apple sold 51.2 million iPhones this quarter, down from 61.2 million iPhones in the same quarter last year. Cook mentions that the company saw a very high level of customers switching to iPhone from Android and other operating systems. “In fact, we added more switchers from Android and other platforms in the first half of this year than any other six-month period ever,” he said.

Services revenues up:

Cook mentioned that Services revenue increased by 20% to $6 billion. App Store revenue was up 35%. Apple Music now has 13 million paying subscribers. The purchase value of services tied to the company’s installed base was $9.9 billion, up 27% over last year. “The Services business is powered by our huge installed base of active devices, which crossed 1 billion units earlier this year. As we discussed on this call in January, those 1 billion-plus active devices are a source of recurring revenue that is growing independent of the unit shipments we report every three months.”

Mac and iPad sales:

Apple sold 4 million Macs, compared to 4.6 million last year, a decline of 12%. Similarly, the company sold 10.3 million iPads, a decline from 12.6 million units sold in the same quarter last year. Luca Maestri, CFO and senior vice president at Apple said that, “despite the overall market slowdown, we generated double-digit Mac growth in a number of markets, including Russia, Korea, Singapore, Taiwan, and the UAE.”

Apple Pay:

Advertisement. Scroll to continue reading.

Apple rolled out Apple Pay in China this quarter and last week to Singapore. Cook said that the platform is adding around 1 million new users per week.

Financials

– Net profit stood at $10.5 billion compared to $13.5 billion in the same period last year.

– Revenues stood at $50.5 billion for the quarter, compared to $58 billion in the same quarter last year.

– Asia-Pacific (excluding Japan and China) revenues were at $3.1 billion compared to $4.2 billion in the same quarter last year.

Download: Press release | Transcript

Advertisement. Scroll to continue reading.

Also read:

Apple got 73 device requests from Indian Govt in 2015

Apple Keynote lowdown: 4″ iPhone, Siri on TVs, CareKit tracker & more

– Our Apple coverage here.

Image credit: Michael Summers under CC BY SA 2.0

 

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ