Apple India’s FY15 Revenue Expected To Cross The $1bn Mark

If so, the company’s revenues have grown by over 40% year-on-year, making India one of the fastest growing markets for Apple.

Apple India’s revenues have seemingly crossed the $1 billion (approx Rs 6,200 crore) mark in the year that ended March 31, 2015, on hand of strong iPhone 6 and 6 Plus sales.

According to a TOI report, the global electronics maker’s revenues jumped over 40% year-on-year, up from the Rs 4,500 crore revenue it posted in FY 14-15.
The growth in revenues is in line with that of sales, with Cybermedia Research reporting that the company sold 1.3 million iPhones in India during FY 14-15, a 42% growth when compared to sales in the previous year.
A significant portion of that growth was driven by the new iPhone 6 and 6 Plus, which compete in the high-end smartphone segment.
Moreover, it is estimated that the growth of iPhone sales in India ate into the market share of Samsung and HTC in the high-end smartphone market.

Sign Up for NextBigWhat Newsletter