Apple had their quarterly earnings call yesterday where they announced record first quarter results. The company posted all-time record quarterly revenue of $78.4 billion (compared to $75.9 billion in Q1 2016) and all-time record quarterly earnings per diluted share of $3.36 (compared to $3.28 in Q1 2016).

iPhone and Mac sales and revenue are up, whereas iPad sales and revenue is down compared to the year-ago quarter. Revenue from Apple’s Services business and from Other Products (includes Apple Watch and Apple TV) are also up.

During the earnings call, Brian White from Drexel asked,

I didn’t hear much mentioned about India. How did India perform with the iPhone, and how should we think about it for 2017, especially with the 4G network going up?

Tim answered,

That’s a really good question. Despite the de-monetization move in India that created lots of economic pressure there last quarter, despite that, we had all-time record revenue results. And so we were very happy about that. The de-monetization impact has not worked its way through yet; it’s still definitely having some overhang, but I think in the longer term, it’s a great move. I feel really good about how we’re doing there. We are in discussions on a number of things, including retail stores and fully intend to invest significantly in the country and believe it’s a great place to be.

[Via iMore]

Apple Increases Pricing of Apps on the App Store in India

Apple has today sent out an email to iOS developers notifying them of upcoming changes to the pricing on the App Store. According to the email, the pricing of apps and in-app purchases (IAPs) will … Read more →

Mumbai — the financial capital of the country will pretty soon go live with 1200 Wi-Fi Hotspots, according to the Hindustan Times.

The project envisages providing wireless internet access across the city through a network of 6,000 MTNL hotspots at 1,200 locations across the city. It will offer speeds of up to 20Mbps (megabits per second), equivalent to 2.5MB/s (megabytes per second).

Under the scheme, the first 1GB of data or the first 30 minutes of use – whichever comes first – will be free. After that, you will be charged at competitive rates.

The municipal elections are set for next month, so I’m hoping to see this go live some time next week.

Shilpa Phadnis, reporting for the TNN:

Apple plans to make iPhones for the Indian market in Bengaluru. Wistron, a Taiwanese OEM maker for Apple, is setting up a facility in Peenya, the city’s industrial hub, to manufacture the iPhones. The facility will start production from next April, according to industry sources.

I really hope this see-saw of news ends soon.