The revenue of Indian business of iPhone maker Apple increased by 29 per cent to Rs 13,755.8 crore in 2019-20.
In the previous financial year ended 31 March 2019, the company’s income was Rs 10,673.7 crore. According to the documents, the net profit of the company during the review period was Rs 926.2 crore. In the previous financial year, it was Rs 262.27 crore. Apple has not responded to emails in this regard.
Apple records revenue in September quarter, revenue to $ 6470 million
On the other hand, Apple has recorded a record in the September quarter. The company’s revenue stood at a record $ 6470 million in the September quarter. During this period, the company performed well in various markets including India. Recently, Apple Chief Executive Officer (CEO) Tim Cook released the results saying, “We have recorded a record performance in the September quarter in the US, Europe and the entire Asia Pacific in terms of geographic area.” We also had a record performance in India in the September quarter. The beginning of our online store in India in this quarter received a very good response.Strong presence despite challenges
It is noteworthy that Apple started its first online store in India in the September quarter. Apple’s competition in the premium category in India is with companies like Samsung and OnePlus. The company is aggressively strengthening its presence in the Indian market.
Tata group will make smartphone components for APPLE
Significantly, the world’s largest smartphone maker Apple parts will now be made in India soon. The Tata group is building a smartphone component manufacturing unit in Tamil Nadu at a cost of Rs 5000 crore for this work. In this factory, apart from iPhone, Apple will also make parts for iPad, Smartwatch and MacBook. However, no official statement has come from Apple yet. At the same time, a Tata spokesperson said that this factory will not exclusively manufacture phone components for a particular brand, but it will produce phone parts when orders are received for several companies.