Report: Indian Apple sales are expected to grow by more than 50% this year

Apple India
Apple India (Image credit: Apple)

What you need to know

  • Apple's Indian sales are set to grow by more than 50% according to a new report.
  • Around $3 billion in sales are expected by the end of the current financial year.

Apple will reportedly see its sales in India grow by as much as 50% when this year's fiscal year comes to a close. That would mean an increase from last year's $2 billion to around the $3 billion mark.

Citing a pay-walled Business Standard article, Patently Apple reports that India is expected to see huge sales increases, something that is likely helped by last September's opening of an online Apple Store in the country.

According to industry estimates, based on current trends, experts say that the company will hit revenues of $3 billion in India by the end of its fiscal year which has just ended in September. That represents substantial growth over the last year's fiscal in India when it was less than $2 billion. Though in the big picture, that's still a drop in the bucket for Apple, in fact less than 1 percent of Apple's global revenue which is expected to hit $330-$340 billion.

Apple currently manufactures iPhones in India, although the higher-end models are built elsewhere. Apple is also reportedly looking to increase its business in the country.

Apple is likely to build the iPhone 13 and iPhone 13 mini hardware in India this year, with the company "already in talks to strike component deals with Indian companies through its vendors" in an attempt to move beyond iPhone production.

It hasn't been plain sailing for Apple's Indian operations, however. The company saw one partner close a plant for almost three months thanks to a riot over various labor issues.

Oliver Haslam

Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too. Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.