Apple shipped $7.5 bn worth iPhones, iPads in India in FY23
New Delhi: Amid the local manufacturing push and an upcoming widespread retail store strategy, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, data accessed by IANS has shown.
In FY23, Apple shipped more than 7 million iPhones and half a million iPads in the country, registering a 28 per cent growth for iPhone shipments, according to initial estimates provided by market intelligence firm CMR.
As Apple doubles down on domestic manufacturing in India, the tech giant is likely to garner 6 per cent market share in FY23-34, with selling more than 8 million iPhones in the country in the period.
“In the FY22-23 period, Apple continued to accelerate its momentum in India, with double-digit growth in iPhone shipments year-on-year,” Prabhu Ram, Head, Industry Intelligence Group, CMR, told IANS.
Meanwhile, in the March quarter (the last quarter of FY23), iPhones registered 67 per cent growth, with 2.1 million shipments in the country.
“In the most recent March quarter, a strong uptick in consumer demand in India catalysed the shipments of iPads and iPhones. Specifically, the current iPhone 14 series, and the previous iPhone 13 line-up constituted for a majority of the shipments,” Ram added.
