Apple's India Sales Surge 33%, Reaching Record $8 Billion
The tech giant's strategic shift from China to India pays off with significant revenue growth and increased local production.
- Apple's annual sales in India hit nearly $8 billion, marking a 33% increase from the previous year.
- iPhones accounted for over half of Apple's sales in India, despite the market being dominated by Android devices.
- Apple has been producing iPhones in India since 2017 and opened its first retail store in the country last year.
- Around 14% of Apple's iPhones were manufactured in India last year, with plans to increase this number.
- Apple's stock has reached new highs, boosted by its successful AI strategy and market expansion efforts.