Now Reading: Apple India sales cross $10 billion for first time
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Apple India sales cross $10 billion for first time
Apple’s sales in India exceeded $10 billion in the 12 months to March, up from $9 billion in the previous financial year. Sales have risen 67% in three years, with iPhones making…
The Story in Brief
Apple’s sales in India exceeded $10 billion in the 12 months to March, up from $9 billion in the previous financial year. Sales have risen 67% in three years, with iPhones making up most purchases. Demand for iPads and MacBooks also increased, according to an insider cited by Bloomberg. Currency movements and local taxes have lifted prices. The base iPhone 17 costs Rs 82,900 in India, against $799 in the United States.
Apple is also expanding production in India. Reports estimate that about 55 million iPhones, or a quarter of its new output, were made in the country in one year. India is considering extending tax exemptions for manufacturing equipment and some components until 2041, but the proposal has not been approved.
The Indian Opinion
The easy narrative is that Apple’s milestone proves India has become a cheap manufacturing base and an affordable consumer market. Neither claim is complete. Sales are confirmed, but production figures are estimates, while the tax extension is still under consideration. Higher prices may also be softened by promotional offers. The useful test is whether Apple can keep growing sales while increasing local output without relying on tax concessions.
Source: gsmarena.com
This story was synthesised by AI from the source linked above.
