Latest news with #iPhone16
Time of India
2 hours ago
- Business
- Time of India
Apple CEO Tim Cook reveals that this is most-popular iPhone in the world right now
Cupertino-based tech giant Apple delivered a strong third quarter for fiscal 2025. The company posted a record June quarter revenue of $94 billion with up to 10% year-over-year growth and supercharged iPhone 16 sales . In an interview with CNBC, Apple CEO Tim Cook revealed that the right now iPhone 16 series is the most-popular iPhone lineup in the world. Cook added that the iPhone 16 lineup has surpassed the performance of the iPhone 15 lineup which the company launched in 2023. During the Q3 earnings call, Apple posted $44.6 billion in iPhone revenue, suggesting a year-over-year increase of 13%. The statement made by Cook is an important indicator of the iPhone 16's market performance. This also means that the users who went for an upgrade liked the new features, camera enhancements, and design updates the company introduced with iPhone 16 lineup. Apple CEO Tim Cook confirms iPhone 16 is the most-popular iPhone in the world Talking to CNBC, Cook said that iPhone 16 witnessed a sales growth in 'strong double digits' as compared to the iPhone 15 during the same period last year. He attributed the surge to a wave of upgrades from existing iPhone users, noting that the entire lineup—including the iPhone 16, 16 Plus, 16 Pro, and 16 Pro Max—has resonated well with consumers. 'Cook said iPhone revenue was strong because the iPhone 16 is more popular compared to the iPhone 15 devices on sale last year at the same time. Cook said iPhone 16 sales were up 'strong double digits' versus its predecessor. Cook specifically highlighted popularity among current iPhone users upgrading to a new one,' mentions the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Apple has shipped 3 billion iPhones Apple CEO also revealed that the company has shipped three billion iPhones since the launch of the original iPhone 18 years ago, in 2007. During Apple's third-quarter earnings call, CEO Tim Cook revealed that the company shipped its three billionth iPhone during the quarter. Apple also reported $94 billion in revenue, with iPhone sales contributing $44.6 billion, nearly half of its total quarterly revenue. iPhone sales jumped 13% year-over-year in the quarter ending June 2025, with analysts suggesting tariff concerns may have driven purchases. Bloomberg reporter Mark Gurman noted that consumers likely bought iPhones fearing future price increases due to President Trump's proposed tariffs, which already cost Apple $800 million last quarter and are projected to reach $1.1 billion next quarter.
Daily Record
4 hours ago
- Business
- Daily Record
Ignore the rumoured iPhone 17 - Sky's iPhone 16e deal is almost unmissable
The iPhone 16e is Apple's latest budget smartphone, taking all the best parts of a phone but at a much cheaper price - and Sky has just dropped the monthly price of the device The iPhone 17 is on the horizon, with many rumours and leaks already circulating. It seems that Apple is set to significantly revamp the design of the phone, with speculation suggesting a new iPhone 17 Air could be in the pipeline. However, as many of us are aware, these newly designed iPhones will likely come with a hefty price tag upon release. Instead, we've unearthed a deal for those who desire all the functionality of an iPhone but at a more affordable cost. The iPhone 16e is Apple's latest budget-friendly handset, offering the best features of an iPhone 16 but at a lower price. Sky has reduced the monthly cost of the device to just £18 in time for payday. For £18 per month, customers will receive a 6.1‐inch Super Retina XDR display, extended battery life, the A18 chip onboard, and a 48MP camera to capture all the photos any Apple fan could ever need. Essentially, it's a watered-down iPhone 16, but at a cheaper price, and it still boasts some of the best aspects of the iPhone. Those in the market for a new mobile, there have been several appealing options available. The newest Samsung Galaxy Z Fold7 could be an option, and prices kick off at £44.99 a month. Alternatively, there are always Apple's devices as well. Giffgaff offers the newer iPhone 16 Pro for £24 per month, though there's a slightly higher initial cost of £25 upfront, allowing shoppers to split the price into smaller payments. One shopper recently switched to the new device, and said: "I upgraded from my old iPhone and wow, what a difference. The screen is edge-to-edge, and the battery capacity is impressive. It's well worth the cost as it's the cheapest iPhone that has been produced in some time." Another buyer simply remarked: "Very impressed with battery life on this phone." Nevertheless, one customer did observe: "The phone is ideal for my needs, long life on battery. Although I did need to buy an adapter to charge, I will also need one to use my non-wireless earphones." Technology experts also examined the iPhone 16e on the Daily Express upon its launch, it features some premium capabilities of an iPhone 16 without the hefty price tag. Technology editor Dave Snelling commented: "Apple's new iPhone 16e should definitely not be ignored. This is a great smartphone that packs quite a punch for a much cheaper price than its siblings. "No, it doesn't get all of the features found on the iPhone 16 or iPhone 16 Pro, but if things such as Camera Control and MagSafe don't really bother you, then this is a solid device to consider. What you do get is a beautifully made phone that is built for the future and the next generation of Apple Intelligence updates." He did caution that the iPhone 16e isn't a full-fledged iPhone - and it's something Apple enthusiasts should bear in mind. He further stated: "Just be aware that its lower cost means fewer features. You'll need to decide what really matters to you and what compromises you are prepared to make."
Mint
7 hours ago
- Business
- Mint
Apple rings up over three years of record iPhone sales in India
NEW DELHI : Apple Inc. on Thursday announced its 13th straight quarter of record revenue from India, while projecting a nearly $3 billion impact from US President Donald Trump's trade tariffs this calendar year. The company, which follows an October-to-September fiscal year, reported $94.2 billion in global quarterly revenue in the three months ended 30 June—beating Bloomberg estimates of $89.2 billion—driven by higher-than-expected sales in China and strong demand for its iPhone around the world. Apple 'saw iPhone growth in every geographic segment and double-digit growth in emerging markets, including India," said chief executive Tim Cook while presenting the June quarter results. Market researchers' data reaffirm this claim. On Wednesday, Counterpoint India said the Cupertino-headquartered firm's iPhone 16 was the most-sold smartphone during the June quarter, leading Apple to top India's smartphone market in terms of revenue. Navkendar Singh, associate vice-president of IDC India, added that the US tech giant was on track to sell nearly 15 million iPhones in India in 2025, potentially also breaking into the country's top five smartphone-selling brands. Singh's estimates suggested that Apple may have sold 2.5-3 million iPhones in the June quarter, generating over $2 billion in revenue from India—roughly 4.5% of its global iPhone revenue. This was incidentally Apple's best quarter globally in the past four years in terms of year-on-year growth, and India is now among its top-four geographies, according to IDC, behind the US, China, and Japan. Going forward, Apple hopes to see a further uptick. Cook added that the MacBook maker is set to 'open new stores in the UAE and India later this year". Tariffs trump gains All of this, however, comes at a cost. The quarter under review marked the second consecutive period during which Apple noted a direct impact on its cost of operations owing to Trump's sweeping tariffs. 'For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter, assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter, and no new tariffs are added, we estimate the impact to add about $1.1 billion to our costs," Cook said. In the March quarter, the CEO said tariffs added $900 million to its costs. With this, since Trump took office, Apple has projected a net addition of $2.7 billion to its overall cost of operations. This is because Apple depends on nations such as China and India to manufacture its iPhones and other devices. Earlier this year, concerns regarding Trump's negative stance towards China saw Apple push more of its device assemblies to India. Now, even as India's iPhone makers such as Tata Electronics and Bharat Foxconn International Holdings (FIH) invest to ramp up production capacity, Apple is under pressure from the US President to move its iPhone production to the US. On 30 July, Trump also announced that India would be subjected to 25% trade tariffs from the US, even as the two nations remain on the negotiation table for a bilateral trade agreement. Cook, taking these factors into account, said that his 'estimate should not be used to make projections for future quarters, as there are many factors that could change, including tariff rates". India, however, currently remains exempt from US tariffs in the electronics sector, thereby not threatening Apple's push for its India market growth. 'The China-plus-one strategy is very real, and with all factors taken in, India could ramp up to assembling up to 100 million iPhones for Apple annually by 2026. This would be a huge opportunity for the country to become even more relevant for Apple, if it ends up making 40% of all of its iPhones," IDC's Singh added. On the consumer front, Apple was one of the biggest factors for the industry's growth in the June quarter, said Prachir Singh, senior research analyst at Counterpoint India. Stating that sales of smartphones priced above ₹50,000 grew more than 35% on-year in India, he said Apple 'capitalized on premium phone demand through aggressive affordability initiatives such as trade-in programmes, no-cost EMIs, and limited-period summer discounts".
Time of India
8 hours ago
- Business
- Time of India
Apple sees record India revenues in Q3, led by iPhone, Mac, services business: CEO Tim Cook
Kolkata: Apple chief executive Tim Cook on Friday said there was an acceleration of growth in the April-June quarter with the iPhone maker reporting revenue records for the period in India driven by double digit growth across its smartphone, Mac computer and services business. Talking to analysts during the company's third quarter earnings call, Cook said the company is going to open its new Apple retail stores in India later this year. Industry executives said the new stores are expected to be unveiled next month ahead of the festive season and when Apple launches new iPhone models. The company is working on four new stores in Bengaluru, Mumbai, Pune and Noida. 'We recently launched the Apple Store online in Saudi Arabia, and we couldn't be more excited to open new stores in the UAE and India later this year,' said Cook. Cook said there was an acceleration of growth around the world in the vast majority of markets, including greater China and many emerging markets. 'We had June quarter revenue records in more than two dozen countries and regions, including the U.S., Canada, Latin America, Western Europe, the Middle East, India, and South Asia,' he said. Industry tracker Counterpoint Research in a report this week said India's smartphone market's wholesale value rose 18% year-on-year in the April-June quarter, reaching its highest-ever quarterly value. It said the iPhone 16 emerged as the most-shipped device in the period highlighting strong consumer demand. The ultra-premium (handsets priced over ₹45,000) price segment grew 37% year-on-year, the fastest among all price bands, driven by Apple and Samsung. Cook said there was growth in iPhone sales in every geographic segment and double-digit growth in emerging markets such as India, Middle East, South Asia, and Brazil. Apple has also incurred around $800-million of tariff related costs globally in the June quarter and has estimated that the impact will add about $1.1 billion to its costs in the September quarter if the current global tariff rates, policies, and applications do not change for the balance of the quarter, and no new tariffs are added, Cook said.
News18
9 hours ago
- Business
- News18
Apple's Growth Surges In India: Record Revenue, Retail Expansion Lined Up
Apple said that it saw an acceleration in growth during the April–June quarter, with India delivering revenue records driven by double-digit Apple Apple chief executive Tim Cook on Friday said the company saw an acceleration in growth during the April–June quarter, with India delivering revenue records driven by double-digit gains across iPhones, Macs and services. According to Counterpoint Research, iPhone captured 7% volume share and 23% revenue share during the quarter, with the newly launched iPhone 16 emerging as the top-shipped model in the region. A key highlight of the quarter was a sharp shift in Apple's manufacturing footprint. Cook revealed that the majority of iPhones sold in the US now carry a 'Country of Origin: India" label. Counterpoint estimates show India accounted for 71% of total US iPhone shipments in Q2, up significantly from 31% a year earlier. Looking ahead, Apple is doubling down on its presence in India. Cook told analysts during the company's third-quarter earnings call that new Apple retail stores will open later this year. Industry executives said at least four new stores are planned in Bengaluru, Mumbai, Pune and Noida, likely to be unveiled next month ahead of the festive season and the launch of new iPhone models. Apple's Global Q3 Performance (April–June 2025) Apple's revenue rose 10% year-on-year to $94.0 billion, its strongest Q2 growth in 14 quarters and a new all-time high. Hardware sales grew 8% and services climbed 13%. Challenges in Wearables Apple's Wearables, Home and Accessories division continued to face headwinds, with sales of both Apple Watch and AirPods declining. The segment has now been shrinking for two years, with Apple Watch revenue falling for seven straight quarters. Analysts attribute the slowdown to longer replacement cycles and the absence of an updated Apple Watch SE, which had previously been a major volume driver. To revive growth, Apple may need to launch refreshed Watch models with new health features, AI capabilities and a redesigned SE, especially in emerging markets like India where iPhone adoption is growing rapidly. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
