Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

Apple India crosses $1 billion in sales
Posted On: 19-11-2015 00:00:00 15

Apple crossed $1-billion in sales in Indian operations in the year ended March, according to results filed with the Registrar of Companies.

The company which makes iPhones and iPads posted a 44% increase in sales to Rs 6,472.89 crore from Rs 4500.35 crore and the net profit doubled to Rs 242.85 crore from Rs 119.48 crore as the company stepped up marketing efforts, including buyback schemes, installment programs and discounts.

Apple has more than doubled sales in India in the last two years, having posted revenue of Rs 3,057.79 crore in FY13. The company expanded the India team four years ago and started introducing new models closer to their global launch dates.

In 2012, the company changed its sales model by appointing retail distributors and began advertising campaigns. Since then sales have been rising at double-digit pace. Apple is the third-largest brand in the Indian cellphone market by sales with 9% value share after market leaders Samsung and Micromax as per data from market tracker Counterpoint Research.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Apple needs to apply afresh for single brand retail
Wal-Mart Stores gets the top spot in Fortune 500
Apple to open 200 stores in India
Future Group to acquire Big Apple store chain
Big retailers develop mobile phone payment option
retail stores
retail policies
retail suppliers retail classes retail news
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2015 - 16) 3rd Quarter Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

retail industry



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry

indian retail