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Apple's India revenue climbs 36% in FY24
Mint Mumbai
|November 21, 2024
The tech giant has been Scoring record quarterly sales in India Since 2023
Apple India reported a revenue of ₹67,121.6 crore for the financial year ended March 2024, up 36% from a year earlier, driven by higher i Phone sales. Yearly profit rose to ₹2,745 crore from ₹2,229 crore in F Y23, Tofler's review ofthe company's regulatory filings showed. The US-based tech giant has been scoring record quarterly sales in India since calendar year 2023. With the latest July-September quarter, Apple announced the l Oth straight three-month period when the i Phone maker's quarterly revenue has been higher year-on-year. In FY23, Apple's revenue grew by a massive 47.8% to ₹49,321 crore. For FY25, i Phones are expected to generate nearly $ll billion in sales for Apple India, with Mac, i Pad, wearables and services likely to bring in another $4-6 billion and setting the company on road to a new annual revenue milestone in the country. Apple India's revenues are still lower than those of Samsung Electronics, which clocked sales of ₹l.03 trillion in F Y24, up from ₹98,
This story is from the November 21, 2024 edition of Mint Mumbai.
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