Apple Records $9 Billion Sales in India Amid Production Expansion
Apple Records $9 Billion Sales in India Amid Production Expansion

Apple Records $9 Billion Sales in India Amid Production Expansion

News summary

Apple Inc. has achieved a record nearly $9 billion in annual sales in India for the last fiscal year, marking a 13% increase from the previous year, driven primarily by strong demand for iPhones and MacBooks. The company is expanding its retail presence aggressively, opening new stores in Bangalore, Pune, and planning additional outlets in Noida and Mumbai. Although India currently represents a small share of Apple's global revenue, the company has designated India as a standalone sales region, reflecting its long-term strategic importance amid slowing growth and geopolitical challenges in China. Apple is also increasing local production, with one in five iPhones now assembled in India, helping reduce dependence on China. To address the relatively high pricing due to local taxes, Apple offers student discounts, trade-in options, and credit card partnerships to make devices more accessible. Overall, India is emerging as both a critical consumer market and a manufacturing hub for Apple’s global operations.

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