Apple Inc. is set to report a 35% year-on-year increase in its India revenue, reaching nearly Rs 67,000 crore ($8 billion) for 2023-24.
This follows a strong performance in FY23, where the company saw its Indian revenue rise by 48% to Rs 49,332 crore ($6 billion) and profits soar by 76.5% to Rs 2,230 crore. Apple's financial filing is expected by September-October. Looking ahead, Apple aims to capture a 23-25% market share in India by FY26, leveraging its partnerships with Tata Electronics, Pegatron, and Foxconn.