Apple continues to maintain its lead in the premium and ultra-premium smartphone segment in India with a 44 percent market share.
Apple earlier today announced its financial results for its fourth fiscal quarter of 2021, which corresponds to the third calendar quarter of 2021. The company recorded a revenue of $83.4 billion during the quarter, with a net quarterly profit of $20.6 billion. In comparison, the company recorded business worth $64.7 billion in revenue during the same quarter last year and had a net profit of $12.7 billion. CEO Tim Cook announced that Apple doubled its business in India during the quarter. According to a Counterpoint report, the Cupertino-based American tech giant was the most popular brand in India in the premium and ultra-premium segments. Apple saw a 212 percent growth in India during Q3 of 2021. With that significant amount of growth, the US tech giant continues to maintain its lead in the premium smartphone segment (above Rs 30,000) with a 44 percent market share.
