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  1. Apple growth slips to record 6 year low in India, says report

Apple growth slips to record 6 year low in India, says report

Technology giant Apple has registered the slowest growth in India in the last 6 years, based on Registrar of Companies data.

By: | Updated: December 13, 2017 8:47 PM
Apple iphone sales growth India Earlier in 2017, Tim Cook had said that Apple was in discussions regarding several things in India. (Reuters)

Technology giant Apple has registered the slowest growth in India in the last 6 years, based on Registrar of Companies data. Apple posted a 17 percent growth, having earned Rs 11,618.7 crores in revenue in last year compared to Rs 9,937 crores earned the year before. According to a Counterpoint Research report, the Cupertino giant had sold 2.9 million units in India this year against 2.2 million units in 2016. While the company did not face losses, the growth has been quite slow. One of the major reasons could be the iPhone 8 and iPhone 8 Plus launch. While Apple launched new smartphones in the market, they were not much of an improvement over the iPhone 7 and iPhone 7 Plus. Additionally, the new iPhone X was launched at a much higher price in India that went up to Rs 1,02,000.

Earlier this year, Tim Cook, in the first quarter earnings call with analysts and journalists, had said that the company was in discussions regarding several things in the country, including retail stores as well. In that event, Apple showcased its optimism about its growth in the country. The company had claimed that even the Macs and iPads have been doing well in the country.

Apple had launched the new iPhones in September this year. As reported earlier, India is one of the costliest places to buy the devices as comparatively, they are available at much lower prices in several other countries. While the iPhone 8 series mobiles are still understandable, the price of the iPhone X (Rs 89,000 and Rs 1,02,000) is ridiculously high.

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  1. E
    Editor
    Dec 13, 2017 at 6:21 pm
    How can there be any comments?Who reads this third rate newspaper owned by Christians who dont know their mother.
    Reply
    1. E
      Editor
      Dec 13, 2017 at 6:17 pm
      What was the growth when Nehru family was looting the nation? Nehru family did not let the nation grow but media born to a pros ute of Motilal is supporting bhadwa family now led by pros ute Sonia.
      Reply

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