New Delhi, Jan. 31 -- Apple Inc. scaled a 11th straight quarterly revenue record in India in the October-December period, with analysts estimating that the iPhone's gross revenue hit $10 billion in the country last year.

Apple has been on a strong growth phase in India, largely driven by escalating demand for the iPhone in India. The company's smartphone lineup, which retails at over three times the average selling price of the Indian smartphone market, has been an outlier in terms of its volume growth-nearly tripling in annual sales by volume since 2021.

Apple chief executive Tim Cook, speaking at the company's post-results earnings call with analysts, underlined India's role both as a consumption market and an export hub for Apple.

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