iPhone Sales Increase by 55 Pct in India

iPhone Sales Increase by 55 Pct in India

By SiliconIndia   |   Monday, 28 April 2014, 03:28 Hrs
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BANGALORE: Apple CEO Tim Cook announced that iPhone sales have increased by 55 percent in India for the March Quarter. This is the first time Apple has seen positive results with its iPhone sales in India.

The company sold 43.7 million iPhones units worldwide and gained 10.5 billion profit for the quarter ending March 29, 2014. Commenting on the quarterly sales, Cook stated that, “Some of the numbers that we've experienced just to quote some of the more historic prepaid market through the first half of 2014; Brazil was up 61 percent, Russia was up 97 percent, Turkey was up 56 percent, India was up 55 percent, Vietnam was up 262 percent.”

The company’s profits have also increased 7.4 percent to 10.2 billion, 45.6 billion dollar revenue for March 2014 while its revenue was 43.6 billion dollars with a net profit of 9.5 billion for the year 2013.

Apple was a struggling market in India because of the high competition from android phones that were dominating its sales. iPhone 5S and 5C did well in the Indian market with their prices starting at Rs.41,000 which lead to Apple to take tough decisions and resell iPhone 4 at Rs. 22,000, the least that Apple has ever sold its iPhone for. Apple has reported to have sold 43.7 million iPhones, 4 million Macs and 16 million iPads, with a major contribution from international sales.
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