Apple has accomplished a critical achievement in India, breaking into the main five cell phone brands interestingly since it started selling iPhones in the country. This is especially important given India’s cost cognizant market. As per a report in Financial Times, during the significant happy time of September-December 2024, Apple got a 9-10% piece of the pie, a notable high for the organization in India, as per preliminary information from IDC and Contradiction Exploration.
This achievement is supposed to be part of the way credited to Apple’s rising confinement endeavors. The organization presently makes the iPhone 16 pro and iPhone 16 pro Max in India through Foxconn and Pegatron. Moreover, it’s growing AirPods part creation in Pune and plans to start full AirPods producing in Telangana by 2025. Macintosh’s India-made item range, which as of now incorporates iPads and MacBooks, keeps on developing, even as some iPad creation movements to Vietnam. The Indian government is effectively uplifting further nearby iPad gathering.
Apple’s financial performance in India reflects this growth. In FY2023-24, net profit rose 23% to Rs 2,745.7 crore, while revenue increased by 36% to Rs 67,121.6 crore, driven by strong iPhone sales. Analysts predict continued growth in both sales and profits for the current fiscal year.
In 2024, Apple shipped over 12 million iPhones in India, representing substantial year-on-year growth of 34-35% compared to the 9 million units shipped in 2023, according to preliminary data from IDC and echoed by Counterpoint Research.
The general Indian smartphone market likewise saw development, with IDC assessing more than 38 million units transported in Q4 2024, a 5-6% year-on-year increment, following areas of strength for 46 million-unit shipment in Q3 2024.
