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Apple’s India Sales Top $10 Billion on Widening Retail Push

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Big Tech Apple’s India Sales Top $10 Billion on Widening Retail Push Apple Inc. exceeded $10 billion in annual sales in India for the first time last fiscal year, underscoring surging demand for its pricey devices in a market where it’s steadily ramping up its retail network. Revenue grew at double-digit percentage rate in the 12 months through March from about $9 billion a year earlier, according to a person familiar with the matter, who asked not to be identified as the information is...

Big Tech Apple’s India Sales Top $10 Billion on Widening Retail Push Apple Inc. exceeded $10 billion in annual sales in India for the first time last fiscal year, underscoring surging demand for its pricey devices in a market where it’s steadily ramping up its retail network. Revenue grew at double-digit percentage rate in the 12 months through March from about $9 billion a year earlier, according to a person familiar with the matter, who asked not to be identified as the information is private. Apple’s marquee iPhones accounted for a significant majority of the sales, while demand for iPads and MacBooks also rose, the person said.
Apple (ORG) India (LOCATION) Widening Retail Push Apple Inc. (ORG) iPhones (ORG) iPads (ORG) MacBooks (ORG)
Originally published by Bloomberg Technology Read original →