As per regulatory documents, Apple India’s net profit has dipped by 70 per cent to Rs 2.62 billion, while revenues fell by 19.2 per cent to Rs 105.3 billion in the financial year 2018-19 as compared to the previous financial year.

The company had recorded a net profit of Rs 8.96 billion and revenue of Rs 130.4 billion in 2017-18.

Apple India’s revenue from operations declined by 19.2 per cent from Rs 130.49 billion in 2017-18 to Rs 105.38 billion in 2018-19.