Analysts have attributed Apple s strong growth to the robust demand for its latest and older iPhone models. This is mainly due to Apple s aggressive marketing strategies, which include consumer financing, trade-ins and discounts.
It is the fastest growth of net profit for Apple in India in the last five years, according to the Economic Times, citing information from Apple’s Registrar of Companies (RoC).
Apple registered more than two times sales of its new iPhone 15 series in India on Day 1 from last year across its online and offline channels, industry and retail sources said on Friday.
Apple s enhanced and diversified iPhone production capabilities in India, along with aggressive retail initiatives, continue to contribute to its strong growth momentum in India.