Apple's annual sales in India exceed $10 billion as retail expansion accelerates
Complete. Here is the key summaryApple's sales in India surpassed $10 billion for the first time in the last fiscal year, achieving double-digit growth. The iPhone contributed the majority of revenue, while demand for the iPad and MacBook also increased. Although its share is still small, India is becoming a key market for Apple outside of the U.S., and the company is simultaneously accelerating the layout of its local retail network
Apple's annual sales in India surpassed $10 billion for the first time in the last fiscal year, highlighting the surge in demand for its high-priced devices in the local market, while Apple is also steadily expanding its retail network in the region.
According to a source familiar with the matter, Apple's revenue in the Indian market grew by double digits to approximately $9 billion in the 12 months ending in March. The source indicated that Apple's flagship product, the iPhone, accounted for the vast majority of sales, while demand for the iPad and MacBook also saw an increase.
Although India currently represents only a small portion of Apple's overall business, this South Asian country is emerging as one of the company's key sales regions outside the United States.
Apple representatives did not immediately respond to requests for comment