Surge in India Sales for Apple
Domestic Manufacturing and Sales on the Rise
Significant Growth in Key Products
Apple's business in India has experienced a remarkable upswing, exceeding 23 billion in revenue. This includes a surge in iPhone manufacturing and domestic sales of MacBooks, iMacs, iPads, Watches, and AirPods.
The value of Apple's India operations has soared to over 2 lakh crore in the financial year 2023-24, surpassing the previous year's performance. This growth is driven by the company's focus on domestic manufacturing under the production-linked incentive (PLI) scheme.
Conclusion
Apple's success in India underscores the company's commitment to the Indian market. The surge in sales and manufacturing indicates the growing popularity of Apple products among Indian consumers. As the Indian economy continues to expand, Apple is well-positioned to continue its growth in this rapidly developing market.
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