Apple’s India revenue up 50% but still only 1.5% of its global returns

Notwithstanding a 50 per cent increase in its revenues from India, the country still accounts for only 1.5 per cent of its total revenues. Apple Inc has reached around $6 billion (Rs 50,000 crores) in revenues in India in 2022-23 (FY23), according to reliable sources. This marks a nearly 50 per cent increase over the previous year (2021-22), when it ended with $4.03 billion (Rs 33,381 crore) in revenues.

In the past year, Apple’s net profit in India rose by 3 per cent to $150 million (Rs 1,263 crore), according to the company’s filings with the Registrar of Companies.