Apple Sales Hits $1 Billion For The First Time In India

Apple Sales Hits $1 Billion For The First Time In India
ElisaRiva / Pixabay

Apple sales crossed the $1 billion mark in India for the first time, according to results filed with the Registrar of Companies (RoC) on Wednesday. Apple, the maker of hugely popular devices such as iPads, iPhones and Macs, registered an impressive growth of 44% in sales on a yoy basis in the country.

Amazing success in Indian market

Analysts believe the surge is attributable to the growing popularity of the iPhones in India, which has resulted in sales rising by 35% on a quarter-over-quarter basis in the last two years. Widening of the retail network, and stepping upmarketing efforts that included buyback schemes, installment programs and discounts worked in the company’s favor whose profits doubled during the period.

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