How popular is Apple in India?

Apple was also the leader in the premium smartphones segment of devices priced above ₹30,000, capturing 50% of the market in the December quarter, too, according to Counterpoint. Further, It had a 42% market share for the whole of 2022.

Are Apple products popular in India?

In 2023, it was estimated that Apple shipped around six million smartphones to India. It was Apple's best year in the country, a significant growth over the previous year's shipment at around 11 percent.

Is India a big market for Apple?

Apple's revenue share in India's smartphone market has risen to second place in 2022, up from fourth place a year earlier, according to a recent Counterpoint report. This is the result of several global and domestic factors.

What is the market percentage of Apple in India?

In the premium segment of $500+, Apple maintained its lead with a 60% share with iPhone 13 being the 3rd most shipped device in 2022, followed by Samsung with a 21% share.

Where is Apple most popular in India?

Do you know? If not, we present you with the Cashify poll and some of its intriguing collected data. The findings of Cashify's Whitepaper Survey show that Delhi residents favour Apple over other smartphone brands. 8,000 people in total were polled.

How Apple Dominated Japan

What is the failure rate of apple in India?

50% rejection rate for iPhone casings produced in India shows scale of Apple's challenge. A 50% rejection rate for iPhone casings produced by an Indian company is a stark illustration of the difficulties Apple faces in reducing its dependence on China.

How many people own Apple in India?

The share of Apple in the mobile phone market, across India, in December 2022 was approximately 3.54 percent.

Is Apple cheaper in America than India?

The USA market is ubiquitously the least expensive for any iPhone in the world. Starting with the iPhone 14, you can get it in the US starting at around Rs 66,000. The iPhone 14 Plus starts at around Rs 73,500, while the iPhone 14 Pro starts at around Rs 79,900.

Why Apple is expensive in India than us?

Fluctuation in currency

Apple is not the only company that imports its devices in India, there are several Android smartphone companies that are doing the same thing. But their retailing price is not as costly as Apple's. This is due to the foreign exchange loss that occurs.

How did Apple become successful in India?

As a result, Apple slashed prices on the base model by Rs 14,000, or 17.5 per cent, to Rs 65,900 in September, about two to three months after the locally made phone hit the market. This was down to the efforts of Cook's India visit, which was a major turning point in Apple India's journey.

What are the problems faced by Apple in India?

Apple is facing problems because of logistics, tariffs and infrastructure as it aims to shift its dependence on China by shifting production to India. Apple is facing hurdles in its attempt to increase production in India, according to a report in the Financial Times.

What is India's largest market?

The Chandni Chowk is one of the busiest and oldest markets in India that dates back to the 17th Century. It is the largest wholesale market where you can find endless shops and stalls of food, jewelry, electronics, spices, art, antiques, souvenirs, and many knick-knacks.

Is iPhone successful in India?

Interestingly, the iPhone 13 was the third most shipped device of 2022, a testament to how Apple tasted success in India thanks to the numerous bank offers and discounts. This is the lowest number of shipments that the market has seen since 2019 with the decline being more pronounced in the last leg of 2022.

Is Apple profitable in India?

In FY22, Apple India's net profit rose 3% y-o-y to Rs 1,263 crore, whereas its revenue from operations rose 45.8% to Rs 33,313 crore during the year, according to filings with the Registrar of Companies under the corporate affairs ministry.

Why is India important to Apple?

Apart from being a sales engine for Apple, India is also becoming more vital to the company's product development. Key suppliers are relocating to the region, and Apple is working with manufacturing partner Hon Hai Precision Industry Co. to establish new iPhone production facilities in the country.

Which country is Apple cheapest in?

Can I buy Apple from USA to India?

The answer is yes, the US based iPhone variants will work in India.

Why are iPhones cheaper in India?

The US price of the device is around Rs 32,000, more than Rs 10,000 cheaper than in India. Experts suggest that the higher price in India is a combination of high import duty, 18 percent GST, other fees, and Apple's own profit margin. The price gap between India and other countries is pretty high.

Who handle Apple in India?

Virat Bhatia - Managing Director - Apple | LinkedIn.

Who is India's biggest Apple reseller?

Aptronix is India's Largest Apple Premium Reseller.

Do people buy iPhones in India?

Counterpoint says that Apple was the fastest growing phone brand in Q3 2021 in India. Market researcher indicates that iPhone 11 and iPhone 12 are very popular with Indian users.

Why Apple is not grown in India?

The apple is a temperate fruit crop. However, in India the apple growing areas do not fall in temperate zone but the prevailing temperate climate of the region is due to the Himalayan ranges and high altitudes. The average summer temperature should be around 21-24^oC during active growth period.

Why aren t made in India iPhones cheaper?

If the phones are made in India, why are they not cheaper? Most iPhone components are made in China and Apple has to pay import duty on them. Assembling the phone in India is unlikely to bring down prices as Apple's OEMs (original equipment manufacturers) pay high rates of import duties on components.

How much Apple earns from India?

ARTICLES. BENGALURU: India has emerged as a really bright spot for Apple. The iPhone maker's filings in India show that its country revenue rose 45% to Rs 33,381 crore in the 2021-22 financial year, compared to the previous year. Its net profit rose 3% to Rs 1,263 crore.