Now Reading: Apple India sales cross $10 billion as retail and manufacturing expand
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Apple India sales cross $10 billion as retail and manufacturing expand
Apple India sales cross $10 billion as retail and manufacturing expand
Apple’s sales in India crossed $10 billion in the 12 months to March, up from about $9 billion the previous fiscal year, according to a person familiar with the figures cited by…
The Story in Brief
Apple’s sales in India crossed $10 billion in the 12 months to March, up from about $9 billion the previous fiscal year, according to a person familiar with the figures cited by Bloomberg and Reuters. IPhones made up most sales, while demand for iPads and MacBooks also rose. Apple now has six official stores in India, after opening a Mumbai outlet in February, and has added premium resellers.
India is also becoming a larger manufacturing base for Apple. Five factories produce iPhones, with one in four devices now made in India, according to Mint. Another estimate puts annual production at about 55 million iPhones. India is considering extending tax exemptions for equipment and components until 2041, but that proposal has not been approved.
The Indian Opinion
The easy story is that India has become Apple’s next China, while the opposite claim says high prices make its growth artificial. Both go too far. Sales are rising, but the figures come from an unnamed source, and manufacturing estimates are not the same as audited output. Rupee weakness also changes dollar comparisons. The sharper test is whether Apple can widen sales beyond premium buyers without relying heavily on discounts, trade-ins and bank offers.
Sources (2): gsmarena.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
