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India closes in on China in iPhone output, but revenue gap remains wide

Business Standard LogoBusiness Standard1d ago

India closes in on China in iPhone output, but revenue gap remains wide - Business Standard

Quick Summary:

Apple earned a record $8 bn in India in FY24 (2% of global revenue), while Greater China, including Hong Kong, Macau, and Taiwan, contributed $66.

In FY20, China contributed 14.68 per cent of Apple’s total revenue compared to India’s 0.66 per cent.

Between April and October 2024, Apple’s India production exceeded $9 billion, with exports nearing $7 billion—a record for any company operating in India, the report said.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 09:42:35 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24111759

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 300 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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