 "Apple and its vendors are aiming to assemble 32 per cent of iPhone's global production volume and 26 per cent of its value in India by 2026-27 —a year after the final year of the five-year production-linked incentive (PLI) scheme for mobile devices.")
iPhone maker Apple India posted a 23 per cent increase in net profit to Rs 2,745.7 crore in the financial year 2023-24, according to the company's regulatory filing shared by Tofler.
Apple India had posted a net profit of Rs 2,229.6 crore in FY23.
The company posted a 36 per cent increase in total income to Rs 67,121.6 crore in FY24 from Rs 49,321.8 crore in FY23.
"Apple India Private Limited, provides and markets Apple brand products and software, including mobile devices and laptops, reported its revenues for the financial year 2023-24 as Rs 67,122 crore, a 36 per cent jump since the last financial year.
"The company's total expenses for the fiscal were reported as Rs 63,397 crore," Tofler said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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