Apple is making significant efforts to increase its market share in INDIA
As one of the biggest technology companies in the world, Apple Inc. has seen significant growth in revenue over the years. India is one of the largest smartphone markets in the world, with a population of over 1.3 billion people. In recent years, Apple has been working to increase its revenue in India and has seen some success. In this article, we will look at Apple’s revenue in India for the fiscal year 2022 to 2023.
Apple’s revenue in India has been growing steadily over the years. In the fiscal year 2020, Apple’s revenue in India was around $1.8 billion, which was a 17% increase from the previous year. However, Apple’s market share in India is still relatively low compared to other major markets like the United States and China.
In 2021, Apple launched the iPhone 12 series in India, which received a positive response from consumers. The iPhone 12 series includes four models – iPhone 12, iPhone 12 Mini, iPhone 12 Pro, and iPhone 12 Pro Max. The company also launched the Apple Watch Series 6 and Apple Watch SE, as well as the latest iPad and iPad Air models in India. These products helped to increase Apple’s revenue in India significantly.
In the fiscal year 2022, Apple’s revenue in India is expected to increase further, driven by the strong demand for the iPhone 12 series and other products. The company has also been working to expand its retail presence in the country. In 2021, Apple opened its first online store in India, providing customers with access to the company’s full range of products and services.
In addition to its online store, Apple has been expanding its retail presence in India with physical stores. In 2022, the company plans to open its first physical retail store in Mumbai. This move is expected to help Apple strengthen its brand presence in the country and increase its revenue.
In conclusion, Apple’s revenue in India is expected to increase significantly in the fiscal year 2022 to 2023, driven by strong demand for its products and the expansion of its retail presence. While the market share in India is still relatively low, Apple is making significant efforts to increase its market share in the country and is expected to see significant growth in revenue in the coming years.