Powered by: Motilal Oswal
15-07-2024 02:12 PM | Source: Reuters
Apple`s India sales jump 33% to near $8 billion last year, Bloomberg News reports

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Apple's India sales jumped 33% to a record of almost $8 billion in the year through March, Bloomberg News reported on Monday, citing a person familiar with the matter.

Apple's iPhones accounted for more than half of the sales, the report said.

The company did not immediately respond to a Reuters request for comment.

In April, Bloomberg News reported that Apple has assembled $14 billion worth of iPhones in India last fiscal year, and makes as much as 14% of its marquee devices from India.

Most iPhones made in India are produced at the Sriperumbudur plant, about 25 miles west of Tamil Nadu's state capital Chennai.