Apple’s Sales in India Touch $8 Billion as iPhones Continue to Soar in Demand

Rebounding from a global sales decline, Apple Inc.’s sales surged almost to hit $8 billion of revenues in India.

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Apple will significantly dominate the growth of its revenue in India in the fiscal year 2023 on the back of continued popularity with iPhones and aggressive retail.

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The run rate of nearly $8 billion in revenues is a massive jump compared to previous years.

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For instance, the Cupertino-based tech company posted $5 billion worth of sales in India in fiscal year 2022. That’s year-over-year growth of about 60%.

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Off late, a number of factors have worked in Apple’s favor in India. First, the country is witnessing growing demand for high-end smartphones.

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Another influential factor behind the growth of Apple in India has to do with competitive price strategies and great finance options.

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