🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

Dhanush R

Stealth • 1m

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)

Anonymous 3

Stealth • 1m

But is it because of just shifting manufacturing or some backhanded deals with banks to provide loans and all to get shit sold to people who can't afford it with EMIs?

1 replies1 like

Anonymous 2

Stealth • 1m

Damn. 1% to 7% market share in 5 years. Wow. Guess shifting things from China does help hahaha

0 replies1 like

Anonymous 1

Stealth • 1m

Dominates the premium phone market in india with only 7% market share? How?

1 replies1 like

Recommendations from Medial

Mahendra Lochhab

Stealth • 7m

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

1 replies7 likes

Anonymous

Stealth • 4m

🚨 Apple will produce iPhone 16 Pro and Pro Max models in India this year. (Moneycontrol)

3 replies15 likes

anant

Stealth • 7m

125000 start up in india 8000 in mumbai alone Words of modi at a rally in dadar,mumbai today

0 replies4 likes

Mehul Fanawala
•

The Clueless Company • 3m

Today, Apple is going to launch iPhone 16 and tomorrow, The Clueless Company will launch TAA. 😍

5 replies6 likes

Peace

Stealth • 6m

Why is the craze of Apple IPhone increasing so rapidly in india recently I saw a child which was telling that she needs a iPhone to her father and she is just 9 how Apple Created such a aspiration among people ?

0 replies3 likes

Kiran Sabale

Stealth • 8d

Tata coming into the race of Apple production in India. How do you see the penetration?? Any provoking thoughts??

4 replies1 like

Vastutah

Stealth • 1m

The fourth-generation iPhone SE is expected to have a similar design as the base iPhone 14, with rumored features including a 6.1-inch OLED display, Face ID, a newer A-series chip, a USB-C port, a single 48-megapixel rear camera, 8GB of RAM to enable

1 replies2 likes

Mr Z
•

Medial • 2m

Blinkit and BigBasket is Delivering iPhone 16 Series in Just 8-10 Minutes in Metro Cities. Thousands are in Line at Apple Store(s). Data Says 70% of iPhones in India are on EMI. Apple Truly Understand Mindset of Consumers.