Apple's Annual India Sales Surpass $10 Billion for First Time

[MacRumors]

Apple's annual sales in India surpassed $10 billion for the first time in the fiscal year ending in March, according to a person familiar with the matter cited by Bloomberg, as the company continues to widen its retail footprint in the country.

Revenue grew at a double-digit percentage rate over the 12 months through March, up from about $9 billion a year earlier, with iPhones accounting for a significant majority of the total and demand for iPads and MacBooks also rising.

Article Link: Apple's Annual India Sales Surpass $10 Billion for First Time

 

[svish]

Good for Apple. Think it is a huge market for Apple and definitely expecting increased sales in the years to come.

 

[davidec]

A good market and one that is less likely to spawn clones with reckless abandon.

 

[AAPLbuyback]

Growth market

 

[Slo Pesci]

Good for Apple. Think it is a huge market for Apple and definitely expecting increased sales in the years to come.

So happy for Apple 🙏

 

[DelayedGratificationGene]

Great Apple! You and India deserve each other. Keep going.

 

[IIGS User]

That's a LOT of Rupee's!

 

[blizzerand]

they have this season sale in India where they sell at very discounted prices, sometimes even cheaper than what you get in the US. This is big considering that indian prices are always 20-25% higher than what is in the US. I know someone who go their 16 pro max 256gb last year for around 799USD ish. And these things sell like popcorn. (well the ones that get sold fast)

 

[vantelimus]

A good market and one that is less likely to spawn clones with reckless abandon.

India definitely has the technical knowledge to do exactly that. So, what are the impediments to spawning clones? Cultural, industrial, infrastructure???? I want to understand.

 

[akashagrawal]

they have this season sale in India where they sell at very discounted prices, sometimes even cheaper than what you get in the US. This is big considering that indian prices are always 20-25% higher than what is in the US. I know someone who go their 16 pro max 256gb last year for around 799USD ish. And these things sell like popcorn. (well the ones that get sold fast)

Maybe for very old products. I've never seen them selling at any discount most of the time. Even in large sales on Amazon and Flipkart, the prices don't approach anywhere near US prices.

 

[akashagrawal]

India definitely has the technical knowledge to do exactly that. So, what are the impediments to spawning clones? Cultural, industrial, infrastructure???? I want to understand.

Mostly infrastructure right now. Indian manufacturing cannot compare with Chinese as of today. We're growing, but nowhere near what China has.

I read an article from Pebble's (e-paper smartwatches) CEO. When he visited China, he shared his ideas for watch redesign and had multiple prototypes to test by that same evening. That particular anecdote stuck with me. We (India) don't have that kind of capability yet.

 

[AAPLbuyback]

Mostly infrastructure right now. Indian manufacturing cannot compare with Chinese as of today. We're growing, but nowhere near what China has.

I read an article from Pebble's (e-paper smartwatches) CEO. When he visited China, he shared his ideas for watch redesign and had multiple prototypes to test by that same evening. That particular anecdote stuck with me. We (India) don't have that kind of capability yet.

India has terrible management.

 

[tongxinshe]

More reason the Indian government can enforce that $38 billion fine. Good for Modi!

 

[SBlue1]

Mostly infrastructure right now. Indian manufacturing cannot compare with Chinese as of today. We're growing, but nowhere near what China has.

I read an article from Pebble's (e-paper smartwatches) CEO. When he visited China, he shared his ideas for watch redesign and had multiple prototypes to test by that same evening. That particular anecdote stuck with me. We (India) don't have that kind of capability yet.

Same with a German CEO visiting the Chinese production plant and suggesting to change one single screw on the product and the factory people were like "Sure no problem we can source two million screws in one hour cause the screw factory is just down the road." In Germany the screw factory is in a different state, the design team is in a different city, the assembly is in another place all together and so forth. In China everything is in a single production area and they act so fast.

 

[RickeshPatel]

Some of you don't know how much taxes in India has been holding them back. Import taxes made the iPhone 200% more expensive when their products were only made in China. They had single digit marketshare for a long time in all segments and since they started production in India, they can finally gain ground.