That is a pretty rapid rise. The sale for fiscal year 2014 was only around 450 million dollars.
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BENGALURU: Apple didn't take India seriously in the early years of the global iPhone-iPad rage. But now, the country is likely one of its fastest growing markets. The company is said to have touched $1 billion in revenue in India in the financial year ended March 31, 2015 — an increase of over 40% from the year before when it did Rs 4,500 crore in revenue. It's also three times more than what it did just three years ago in 2011-12.
Sources told TOI that the company is close to filing the final results with the ministry of corporate affairs (MCA). But even without that, the unit sales figures indicate that an over $1-billion revenue is inevitable. Apple has sold 1.3 million phones in 2014-15 compared to 9.28 lakh it sold in the previous fiscal — a growth rate of 42%, according to figures compiled by Cybermedia Research.
Industry experts say a significant part of the sales came from the big launches of last year, the iPhone 6 and 6 Plus, both priced at the top end. So revenue growth is likely to have exceeded unit sales growth.
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Apple s India revenue hits 1bn in FY15 - The Times of India
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BENGALURU: Apple didn't take India seriously in the early years of the global iPhone-iPad rage. But now, the country is likely one of its fastest growing markets. The company is said to have touched $1 billion in revenue in India in the financial year ended March 31, 2015 — an increase of over 40% from the year before when it did Rs 4,500 crore in revenue. It's also three times more than what it did just three years ago in 2011-12.
Sources told TOI that the company is close to filing the final results with the ministry of corporate affairs (MCA). But even without that, the unit sales figures indicate that an over $1-billion revenue is inevitable. Apple has sold 1.3 million phones in 2014-15 compared to 9.28 lakh it sold in the previous fiscal — a growth rate of 42%, according to figures compiled by Cybermedia Research.
Industry experts say a significant part of the sales came from the big launches of last year, the iPhone 6 and 6 Plus, both priced at the top end. So revenue growth is likely to have exceeded unit sales growth.
...
Apple s India revenue hits 1bn in FY15 - The Times of India