Apple India has reportedly recorded a 29 per cent hike in its revenues in India at Rs 137.55 billion in FY2020. Apple India’s revenue stood at Rs 106.73 billion in FY2019.
Further, the tech giant’s net profit also increased from Rs 2.62 billion in FY2019 to Rs 9.26 billion in FY20.
In India, Apple has been working in collaboration with manufacturers like Wistron and Foxconn for the assembly of iPhone 11. According to Canalys, Apple India reported a double-digit growth to nearly 800,000 units shipped in the region during the quarter ended September 2020.