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# Apple is reportedly nearing $6 billion in sales in India
- URL: https://www.techloy.com/apples-india-sales-near-6-billion-report/
- Published: 2023-04-17T16:17:44.000Z
- Updated: 2023-04-17T16:17:44.000Z
- Author: Emmanuel Oyedeji
- Tags: Apple iPhone, Tech in India

Apple Inc. has hit a record high sales of nearly $6 billion in India in the year through March, according to a *Bloomberg* report, citing an anonymous source.

The report further adds that the company's revenue in India grew nearly 50% from the previous year's figure of $4.1 billion – and with [the launch of its first retail store in India](https://www.techloy.com/apple-retail-store-india/), this could significantly increase in the coming months.

Although still a relatively small market base – about 4% of India’s nearly 700 million smartphone users – compared to cheaper local brands as well as Chinese and South Korean manufacturers, the company is now looking to further increase its stake in the market.

[Apple to open its first retail store in IndiaApple has announced it will be opening its first retail store in Mumbai, India in the near future, according to a short notice on the company’s website. The store, which will be situated at the Jio World Drive mall and span 22,000 square feet, follows a previous announcement![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/size/w256h256/2021/07/techloy-dot.png)TechloyEmmanuel Oyedeji![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/04/India-Apple.jpeg)](https://www.techloy.com/apple-retail-store-india/)

Confirming the company's interest in the country, CEO Tim Cook had said during an earnings call in February “India is a hugely exciting market for us and is a major focus”. He added that the company will be "putting a lot of emphasis on the market.”

Apple is also expanding its local manufacturing footprint to the country increasing its local production to 7% as part of an effort to reduce its supply chain reliance on China. In the last fiscal year, the company [assembled more than $7 billion worth of iPhones in India](https://www.techloy.com/apple-iphones-made-in-india/).