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Leading tech giant Apple is making a lot of money in terms of revenue. It seems that the company’s turnover in India is close to Rs 50 thousand crores. Domestic sales of Apple products grew by 48 percent in 2022-23 and revenue reached Rs 49,321 crore. Apple said in its regulatory filing that net profit has also increased by 76 percent to Rs 2,229.
Apple has been doing business in India for the last five years. Like never before… as CEO Tim Cook had hoped… the business continued to grow along with sales. In particular, several reports have emerged that the sales share and margin sales of the new generation products Mac, Home Pad and iPhone 15 have increased with the reduction in prices of spare parts used to manufacture Apple products. But Apple’s business did not explain the reason for such a huge amount.
Business intelligence organization Taran Pathak is of the opinion that Apple’s long-term business strength in India is proven by the revenue generated on this occasion.
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