According to Bloomberg, Apple’s revenue in India for the past 12 months leading up to March has increased by 33%, totaling around $8 billion compared to the previous $6 billion. The report reflects Apple’s positive market trends in India, where the primary smartphones are lower-priced Android models. Despite Apple’s efforts to penetrate this market for years, their market share has remained below 1%. However, the latest figures show iPhone’s market share has increased to 3.5%.
In recent years, Apple has been aggressively pushing into the Indian market with the opening of two Apple Stores and increasing iPhone production in India, accounting for 14% of total production. This is in comparison to sales in China, which reached $68 billion in the last 12 months. Although India may seem like a small market currently, Apple sees high growth potential in the future.
TLDR: Apple’s revenue in India has increased by 33% in the past 12 months, with iPhone’s market share growing to 3.5%. Despite challenges, Apple is optimistic about the potential for growth in the Indian market.
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