Amid strong retail push, Apple’s sales in India hit record $9 billion
Apple’s annual sales in India reached a record high of nearly $9 billion last fiscal year, reflecting strong consumer demand for its devices as the company expands its retail presence in the world’s most populous nation.
A man walks past the barricade of India’s first Apple retail store, that opened on April 18, 2023 at Jio World Drive Mall, Mumbai, India (Photo: April 5, 2023 by Reuters/Francis Mascarenhas)
Apple’s annual sales in India reached a record high of nearly $9 billion last fiscal year, reflecting strong consumer demand for its devices as the company expands its retail presence in the world’s most populous nation.
Revenue rose about 13% in the 12 months through March from $8 billion a year earlier, according to a person familiar with the matter, who declined to be named as the information is private. Apple’s marquee iPhones accounted for a majority of the sales, and demand for MacBook computers also surged.
The outsized jump — which hasn’t been previously reported — is a boost for the Cupertino, California-based company at a time it’s grappling with plateauing mobile device sales around the world. While India represents still a fraction of its overall business, the company is investing in a country it expects to become a key market in coming years.
As part of its retail push in India, Apple just added two new stores in the cities of Bangalore and Pune this week. It’s also is planning to launch a new outlet in Noida, on the outskirts of Delhi, and another in Mumbai early next year.
MacDailyNews Note: Apple complete retail store list for every country including India is here.
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