Apple shipped $7.5 billion worth iPhones, iPads in India in FY23; anticipates strong growth [details]

Amid the native manufacturing push and an upcoming widespread retail retailer technique, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, knowledge accessed by IANS has proven.

In FY23, Apple shipped greater than 7 million iPhones and half 1,000,000 iPads in the nation, registering a 28 per cent growth for iPhone shipments, based on preliminary estimates supplied by market intelligence agency CMR.

As Apple doubles down on home manufacturing in India, the tech big is more likely to garner 6 per cent market share in FY23-34, with promoting greater than 8 million iPhones in the nation in the interval.

“In the FY22-23 interval, Apple continued to speed up its momentum in India, with double-digit growth in iPhone shipments year-on-year,” Prabhu Ram, Head, Industry Intelligence Group, CMR, informed IANS.

Meanwhile, in the March quarter (the final quarter of FY23), iPhones registered 67 per cent growth, with 2.1 million shipments in the nation.

“In the latest March quarter, a strong uptick in shopper demand in India catalysed the shipments of iPads and iPhones. Specifically, the present iPhone 14 collection, and the earlier iPhone 13 line-up constituted for a majority of the shipments,” Ram added.

iPhone 13 collection garnered 48 per cent market share in Q1 2023, adopted by iPhone 14 collection at 44 per cent.

For your complete FY23, iPhone 14 collection logged 36 per cent market share in India.

Looking forward, Appleenjoys some beneficial tailwinds in India, a strong future growth driver.

“There is rising ‘premiumsation’ in the Indian smartphone market, backed by a wholesome city demand for premium smartphones. Domestic iPhone manufacturing in India continues to see a wholesome uptick, and there may be potential for concurrent iPhone manufacturing with China on the horizon,” Ram informed IANS.

Apple will open its two flagship, own-branded retail shops, subsequent week in Mumbaiand New Delhi.

According to dependable sources, Apple CEO Tim Cook will inaugurate Apple’s personal branded retail shops — at Jio World Drive Mall in Mumbai and at Select CityWalk mall in Saket, Delhi — a primary for the tech big which has doubled down on its India growth plans.

“The new Apple flagship retail shops in Mumbai and Delhi, backed by aggressive gross sales initiatives, will gas Apple’s growth in the 12 months forward,” stated Ram.

(With inputs from IANS)