Apple's Sales in India Reach Record $9 Billion in FY 2024-25

The US tech giant, Apple, has witnessed a significant surge in its annual sales in India, reaching a record of nearly $9 billion in the fiscal year 2024-25. This represents a 13% increase from the previous year's sales of around $8 billion, driven by rising consumer demand for Apple's flagship devices, particularly iPhones and MacBook computers. Apple's retail expansion in India continues, with the opening of two new stores in Bengaluru and Pune, aiming to tap into the country's growing market.

Key Takeaways:

• Apple's sales in India reached a record $9 billion in FY 2024-25, a 13% increase from the previous year.
• Apple's flagship devices, iPhones, dominated sales in India, with significant growth in demand for MacBook computers.
• India is Apple's fourth-largest market worldwide, after the US, China, and Japan.
• One in five iPhones is now manufactured in India, as part of Apple's initiative to decrease dependence on China for manufacturing.
• Apple has expanded production across five factories in India, including two newly opened plants.
• Apple is responding to volatile demand and increasing competition in China, its largest overseas market.
• The company's global mobile device sales have plateaued, making India a crucial market for Apple.
• Apple's retail expansion in India continues, with the opening of two new stores in Bengaluru and Pune.

Statistics:

• Apple's sales in India reached $9 billion in FY 2024-25, a 13% increase from the previous year.
• India is Apple's fourth-largest market worldwide, accounting for 13% of the company's global sales.
• One in five iPhones is now manufactured in India.
• Apple has expanded production across five factories in India.
• The company's retail expansion in India includes two new stores recently opened in Bengaluru and Pune.
• Apple's sales in China, its largest overseas market, grew by only 4.4% in the June quarter.

Sources:

• Bloomberg report
• Apple's official website
• The Northlines