Apple sales crossed $1 billion in India in FY-15

Apple India has reported revenues in excess of $1 billion for the first time during financial year 2014-15, riding on strong sales of the iPhone 6 and 6 Plus in the country.

According to a filing with the Registrar of Companies (RoC), sales of Apple devices in the country grew nearly 44% during the year that ended March 31 to Rs 6,472.89 crore, up from Rs 4,500.35 crore during the previous year.

Profits for the period clocked in at Rs 372.3 crore, up from Rs 181.95 crore during FY13-14.

India is increasingly becoming an important market for Cupertino-based Apple, which previously had its eye only on China among Asian countries. Today, China is the largest market for Apple globally.

 

Apple registered a 93% growth in sales during the April-June quarter in India. However, in the following quarter, while Apple did not reveal India-specific figures, it said that growth in the South East Asian market had dropped to 35%.