Apple Hits $6 Bn Sales In India, Revenue Grows

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According to reports, Apple has hit $6 billion in sales in India for the year 2021, with its revenue growing by 50% year-on-year. This is a significant milestone for the company, which has been expanding its presence in India over the past few years. The growth is attributed to strong sales of the iPhone 11, the iPhone XR, and the iPhone SE, as well as the launch of the iPhone 12 and the iPhone 13 in India. The company has also increased its focus on the Indian market, launching its online store in the country in 2020, and opening its first physical retail store in Mumbai in 2021. Apple has also been investing in local manufacturing and supply chain operations in India, which has helped the company to lower its costs and improve its delivery times. The company’s success in India is seen as a positive sign for its future growth prospects in the region.

According to Counterpoint Research, Apple’s revenue in India grew by 78% YoY in Q4 2020, and the company has continued to see strong growth in the country. In Q2 2021, Apple reportedly crossed $3.6 billion in sales in India, a growth rate of over 50% compared to the same period last year. The company’s strong performance in India is attributed to a number of factors, including increased localization of production and a renewed focus on the mid-tier smartphone market with the launch of the iPhone SE. Despite its recent growth, Apple still faces challenges in India, including high import tariffs on its products and intense competition from local brands such as Xiaomi and OnePlus. The company has been working to overcome these challenges by investing in local manufacturing and building relationships with Indian suppliers, and it appears that these efforts are paying off. Apple CEO Tim Cook has described India as a “very important market” for the company, and it seems likely that Apple will continue to invest in the country as it looks to maintain its growth momentum.