Apple India logs 29% rise in revenue at Rs 13,756 crore in FY20

Tech giant Apple clocked about 29 per cent jump in its revenues in India at Rs 13,755.8 crore in FY2020, while its net profit witnessed manifold growth, documents sourced by business intelligence platform Tofler said.

Apple India’s revenue stood at Rs 10,673.7 crore for the fiscal ended March 31, 2019.

The iPhone maker recorded a net profit of Rs 926.2 crore in FY20 in India, as against Rs 262.27 crore in the preceding fiscal, the documents showed.

Apple did not respond to an emailed query.

The company, which competes with players like Samsung and OnePlus in the premium smartphone segment, has been aggressively ramping up its presence in the Indian market.