Apple & India: A Match Made In Heaven?

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Apple posted $90.75 Bn revenue in the March quarter, up from $81.8 Bn in the year-ago period.

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It was reported earlier that Apple’s two India-based company-owned outlets each reported revenue of INR 190-210 Cr in FY24, emerging as the top-performing retail outlets of the iPhone maker globally.

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Apple achieved record revenue in India during the quarter ending in March 2024, although it saw an overall 4% decline in revenue globally.

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Apple’s India business recorded a revenue of INR 49.3K Cr (almost $6 Bn) in FY23, marking an increase of 48% from INR 33.3K Cr ($4.03 Bn) in FY22.

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"We achieved strong double-digit growth, setting a new revenue record for the March quarter," said Apple CEO Tim Cook during the earnings call.

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"India remains an incredibly exciting market and a major focus for us. From an operational standpoint, producing in India is essential for competitiveness," he added.

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Apple Sets Revenue Record In India Amid Global Slowdown

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