Student • 7m
Apple Expands Presence in India: Apple opened 4 new stores in India because they hit an all-time high revenue in the Indian market. In other words, they don’t have any additional sources to generate revenue in India right now. They already have one store in Mumbai and one in Delhi. The new stores are located in Bangalore, Pune, Mumbai, and the National Capital Region (NCR). This journey started in 2016, when Apple CEO Tim Cook made a contract to begin iPhone manufacturing in India. By 2017, Apple had begun production in India. In 2019, Apple had just 1% market share, and their revenue declined by 19%. But fast forward to today, and in FY 24 alone, Apple made $14 billion in iPhone revenue after shifting production from China to India. This now contributes 14% of global iPhone supply. Today, Apple dominates the premium phone market in India with a market share of around 7%, and their revenue has reached ₹68,000 crores.
Content creator • 1y
Apple has assembled iPhones worth $14 billion in India in the fiscal year 2024. Apple assembles 14% of its iPhones in India, which means 1 out of every 7 iPhones is assembled in India. Foxconn owns 67% of the iPhones assembled in India, Pegatron
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🚀 India’s iPhone Exports Hit ₹1 Trillion in 10 Months of FY25! India is making big moves in global electronics manufacturing as Apple shifts production from China. Here’s why India is becoming a key player: ✅ Government Support: The Production-Lin
See MoreI'm just a normal gu... • 2m
Apple plans to shift all U.S.-bound iPhone production to India, marking a significant move to reduce its reliance on China. This strategic pivot comes as the tech giant seeks to diversify its supply chain amid rising geopolitical tensions and trade u
See MoreI'm just a normal gu... • 5m
Apple deepens its retail presence in India with the launch of the Apple Store app. Indian customers can now directly purchase Apple products, customize Macs, arrange delivery, and get personalized shopping recommendations through the app. This launc
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