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Aug 04, 2023 05:39 PM
BUSINESS

Apple Surprises in China as India iPhone Sales Hit Record Despite Overall Slump

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A customer browses iPhones on April 18 at the new Apple store in Mumbai, India. Photo: Bloomberg
A customer browses iPhones on April 18 at the new Apple store in Mumbai, India. Photo: Bloomberg

(Bloomberg) — Apple Inc. grew revenue in China by a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company.

Those twin milestones stood out after Apple posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets. The iPad and Macbooks maker reported a better-than-expected 7.9% rise in revenue from China — which includes Hong Kong and Taiwan — to $15.7 billion. And iPhone sales in India grew by double-digits to a new high, though executives didn’t disclose precise numbers.

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