Apple’s sales in India cross the $1 billion mark

Sagar Malviya & Writankar Mukherjee, writing for The Economic Times:

Apple crossed the $1-billion sales mark in Indian operations for the first time in the year ended March, according to results filed with the Registrar of Companies (RoC) on Wednesday.

That’s a 43.8% growth in sales and a 203% growth in net profit.

Analysts attributed this to the surge in demand for iPhones with sales growing upwards of 35 per cent quarter-on-quarter in the last two years.

Huge growth.