The Strategist

Apple increases revenue in India by a third to nearly $8bn



07/16/2024 - 07:44



Apple Inc.'s revenue in India climbed by almost 33% to nearly $8 billion in the most recent fiscal year, which concluded in March, according to Bloomberg referring to sources.



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Apple is required to give local authorities sales statistics for each country, even though it does not include that information in its reports.

Sales of smartphones accounted for more than half of Apple's income in India, the source claimed. This is encouraging for the business as it tries to remove less expensive Chinese goods from the largest country in the world's market share.

Remarkably, only 3.5% of the approximately 690 million smartphones in use in India are produced by Apple, says Counterpoint Research.

source: bloomberg.com




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