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Apple Achieves Over $10 Billion in Annual Sales in India for the First Time
Key points
- Apple's India sales exceeded $10 billion in the last fiscal year.
- Revenue grew at a double-digit rate from $9 billion a year prior.
- iPhones accounted for most sales; iPads and MacBooks also saw increased demand.
- Apple products are more expensive in India due to high taxes.
Record Sales in India
Apple achieved over $10 billion in annual sales in India during its most recent fiscal year. This represents a double-digit percentage growth from the approximately $9 billion reported in the previous year, according to sources familiar with the matter. The majority of these sales were attributed to iPhones, with iPads and MacBooks also experiencing increased demand.
Market Growth Despite Pricing Challenges
This sales milestone occurs in a market where the average annual salary is less than $3,000. Apple products, such as the entry-level iPhone 17, are priced at 82,900 rupees ($870) in India, compared to $799 in the US. High local taxes contribute to these elevated prices, which Apple attempts to mitigate through partnerships with banks for credit card rebates.
Shifting Manufacturing and Logistics
While approximately one in four iPhones are now manufactured in India, most of these units are intended for sale in the US. This logistical restructuring allows Apple to avoid US tariffs on products imported from China. The company has also expanded its retail presence in India by opening official Apple Stores in recent years.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Apple's annual sales in India surpassed $10 billion for the first time in its last fiscal year, marking a significant increase from approximately $9 billion the previous year. This milestone indicates Apple's growing presence in the Indian market, despite higher product pricing compared to the US due to local taxes.