Apple posts record Jun qtr revenue of $109.4B

Apple posted record June quarter revenue of $109.4 billion, up 16% year-on-year, with double-digit growth in most emerging markets including India.

iPhone sales increased 21.7% to $54.25 billion, and Mac sales grew 28.66% to $10.35 billion; iPad sales declined about 6% to $6.19 billion.

Apple raised starting prices of MacBook and iPad models by 20% to 42% due to rising memory chip costs, and expects further impact in September.

Apple CEO Tim Cook announced record June quarter revenue in all geographic segments, with highest growth in Greater China at 22.42%.