Apple posted a double-digit revenue growth in India in the quarter ending June, and has since doubled its business in India in FY 2021 with a stellar performance. As per Apple, it generated a quarterly revenue of $83.4Bn in Q4 2021. Demand was very robust, and Apple set another quarterly record despite larger-than-expected supply constraints. …
Apple logs >140% growth in Q2, iPhone 11 top performer
Apple registered more than 140 per cent growth in India in the second quarter this year, as iPhone 11 continued to perform well with a strong aspirational brand value, a report showed on Wednesday. iPhone 11 contributed over 60 per cent of the iPhone shipments during the April-June quarter in the country, according to data …
Apple registers record iPhone sales in India
A report from analytics firms Counterpoint Research and CyberMedia Research (CMR) suggest that Apple may have doubled its year-on-year iPhone sales in India in the company’s fourth quarter of 2020. Apple shipped more than 1.5 million iPhone units in India in the quarter that ended in December, up 100% on its year-on-year performance. Apple best ever quarter …
Apple India reports 29% rise in revenue in FY20
Tech giant Apple clocked about 29% jump in its revenue in India at Rs 13,755.8 crore in FY2020, while its net profit witnessed manifold growth, documents sourced by business intelligence platform Tofler said. Apple India’s revenue stood at Rs 10,673.7 crore for the fiscal ended March 31, 2019. The iPhone maker recorded a net profit of Rs 926.2 …
Apple shares drop nearly 4%, erases $80Bn in market cap
Shares of American technology giant Apple Inc. fell by as much as 4% intra-day on 13 October after the company unveiled its first ever 5G iPhone. The drop wiped off approximately $81 billion from the company’s market capitalization, as investors reacted to the new launch. Experts said the drop is most likely temporary and is …
Apple’s grand plans rest on iPhone 12 mini, HomePod mini
Apple big fall event has always been about new flagship iPhones. While this year Apple unveiled the much-awaited iPhone 12 line-up including the iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max, it was the mini moniker that stole the show. Analysts predict the iPhone 12 mini will not just be popular but will …
Apple set to grow at 16-22% YoY in India, with iPhone 11 and 12
Apple is set to clock a 16-22% on year growth in smartphone shipments in India in 2020, sharply higher than a 4% rise in 2019 and a 44% fall in 2018, driven largely by older generation of its iPhones like XR and 11 and the latest iPhone 12 mini, say analysts. They added that Apple’s …