MUMBAI | KOLKATA: Apple crossed the $1-billion sales mark in Indian operations for the first time in the year ended March, according to results filed with the Registrar of Companies (RoC) on Wednesday.
The maker of iPhones and iPads posted a 44% increase in sales to Rs 6,472.89 crore from Rs 4500.35 crore and net profit doubled to Rs 242.85 crore from Rs 119.48 crore as the company widened its retail network and stepped up marketing efforts, including buyback schemes, installment programmes and discounts. The rupee traded at around 62-63 against the dollar in FY15.
tax all apple buyers
Stupid Indian. Stupid idea.
Give away all ur money for overexpensive foreign products and then cry "why is indian rupee falling?" why do we face foreign exchange shortage?
India is a very big market so not only apple many other companies would also getting benefit from there
India is a great market for Apple products
Des not make any sense to buy such expensive gadgets
There are enough iFools running after that piece of metal $hit which costs a bomb
And Indians want their GDP to grow. :-) great
I AGREE THAT SOME PEOPLE BUY I PHONE ON EMI AS WELL. HOWEVER THE FACTS ARE THAT APPLE SELLS I PHONES IN INDIA AT MUCH HIGHER COST AS COMPARED TO AMERICAN ,EUROPEAN AND OTHER MARKETS . THEY TREAT INDIANS EITHER AS SCUMS OR ULTRA RICH .IF YOU ASK ME ,APPLE SHOULD BE BANNED IN INDIA ,UNTILL IT STARTS MAKING PHONES RIGHT HERE IN INDIA
Good for them. It started really slow in India but picked up purely on the brand value. We see a lot of people with Apple phones lately
They can capture the market very easily....
This is one of the reason of the falling rupee against the dollar.
what about Samsung? ?? $2 billion? ?
Apple products are getting popular among Indians and its customer base is increasing day by day. Its sales will grow rapidly.
if one company can take away 1 billion for a product that is completely manufactured and imported to India, imagine the 100s of other companies that are taking away hard earned Indian money , Guys buy only essential items from Foreign brands. The more you accumulate expensive hi fi products for Foreign brands, the more poor you make your country. This goes to me too