🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Dhanush R

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.

5 replies7 likes
Replies (5)

More like this

Recommendations from Medial

Image Description

mg

News & updates • 3m

iPhone maker apple plans to begin production of airpods in Hyderabad for export U.S and Europe

1 replies8 likes
Image Description

Mahendra Lochhab

Content creator • 5m

Apple iPhone has been included in the top 5 smartphone brands in India for the first time. Apple has got 10% market share in the Indian smartphone industry.

1 replies2 likes
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 5m

Apple has reached over ₹1 lakh crore in iPhone exports from India in 2024. iPhone exports from India. 2023: $9 billion 2024: $12.8 billion

3 replies24 likes
2
Image Description

Mahendra Lochhab

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

See More
1 replies8 likes
1
Image Description

chakshu asija

Hey I am on Medial • 3m

🚀 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 More
1 replies2 likes
Image Description

Chamarti Sreekar

Passionate about Pos... • 4m

🚨 India's smartphone value share market in 2024. iPhone: 23% Samsung: 22% Vivo: 16% Oppo: 16% Xiaomi: 9% Remaining: 14% Chinese brand Vivo has sold most smartphones in India in 2024. (Counterpoint)

1 replies18 likes
2
Image Description

gray man

I'm just a normal gu... • 1m

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 More
1 replies37 likes
1

gray man

I'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

See More
0 replies7 likes
Image Description

The Hustler

Become the 1% • 1m

"iPhone Dreams Stuck at the Border—Apple’s India Plans Waiting for a 'Hello' from Customs!" Apple’s India dream just hit a red light—and it’s stamped “Made in China.” With crucial iPhone-making machinery stuck in import limbo, the iPhone 17 might be

See More
1 replies25 likes

Download the medial app to read full posts, comements and news.