iPhone sales in India headed for another record
Live MintApple Inc. is likely to set a new sales record for iPhones in India this year, three industry experts said, soon after it began manufacturing the iPhone 14 in the country months ahead of schedule. According to Counterpoint Research, 2021 was the best year for Apple in India, with a record 5.4-6 million iPhone shipments and accounting for 70% of the market share in the ₹45,000 and above segment. IT companies likely to slash campus hiring in FY24 What lies next for India’s shaky exports story Marico’s Q2 update fails to lift spirits “Apple is expected to exit 2022 with its highest ever sales in India as well as the highest ever average selling price," said Tarun Pathak, research director at Counterpoint Research. On Tuesday, Bloomberg reported that Apple’s iPhone exports from India exceeded $1 billion in value since April and are set to grow to $2.5 billion in the 12 months to March 2023.