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“Indian” iPhone brings Apple Over $1 Billion

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The Indian market is one of the most profitable for Apple. According to some reports, Apple India’s revenue already rose by a factor of three last year, and analysts there expect the current iPhone sales to boost the company’s bottom line to over $1 billion. Apple reported a 431 percent rise in net profit this year, which the Times attributes to iPhone sales. But it should be nored India hasn’t always been a high priority for Cupertino, with new products taking months to be available in the country. It wasn’t until late 2011 that Apple began getting products to the country closer to the global launch dates, and September 2012 until the company appointed two regional retail distributors and mounted a massive ad campaign.

apple-india-map

“The huge jump in revenues has made the company realise India’s potential. Apple is now chasing volumes and looking at the numbers game,” Manasi Yadav of IDC told the online news agency.

Over the past six months iPhone shipments have also risen threefold, and analysts in the region expect this sales growth to continue for the remainder of this year, predicting a $1 billion revenue mark for the current fiscal year.

 


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