Apple: In the last few years, thousands and millions of Android smartphone users in India have left Android and started using Apple’s iPhone. This clearly means that in the last few months and years, the demand for Apple devices i.e. iPhone has increased rapidly in India, which has also affected and proved Apple’s revenue. Apple India has recorded a record annual revenue of $ 8 billion. This is the highest revenue ever earned by Apple India in a single year.
Apple’s revenue set a record
Let us tell you that last year Apple India’s revenue was 6 billion dollars, but now it has increased by about 33% to 8 billion dollars. According to a latest report by Reuters, more than half of the sales in India have been from iPhone. This means that more than half of the 8 billion dollars revenue that Apple India has received this year is contributed by iPhone alone.
As the spending capacity of people in India is increasing, most people are leaving Android devices and opting for iPhones. Although, if we talk about the overall smartphone market in India, Apple is still not at the forefront, but Apple is the company that sells the most products in the category of ultra-premium devices.
Apple is trying to make this special record in India even bigger and bigger. Airtel is also planning to open new company-owned retail stores in the country. Apart from this, if customers want to customize any of their Apple products according to their needs and preferences, then they can also order for customization by visiting Apple’s online store in India.
Apple’s revenue in China is 9 times more
The point to note here is that Apple has generated a revenue of $8 billion in India this year, but in India’s neighboring country China, Apple generated a revenue of $72.6 billion during the last financial year, which is about 9 times more than India. This means that Apple still has a lot of scope for growth in India.
Currently, Apple only manufactures iPhones in India, but the Indian government wants Apple to manufacture not only iPhones but also other products in India. In such a situation, Apple can manufacture its other products in India in the coming years, which will reduce the price of other products for the people of India and this can also affect Apple’s revenue.
