“Apple topped the smartphone revenue chart in India in the first six months, and has also had a very strong two months festive season sales. Due to this, there is strong probability Apple could pip Samsung to the top spot in smartphone revenue in India," said Navkendar Singh, associate vice-president for client devices , International Data Corp. (IDC) India. Apple India’s earnings were at $5.9 billion, compared with its global revenue of $385.1 billion during this period. Apple India’s share in overall earnings grew by 50 basis points since FY22, primarily due to a very low base. Its India revenue growth of 48% far outpaced its 0.2% revenue dip during this period.

Source: Mint October 30, 2023 22:22 UTC