Apple’s Growth Rate in India Surpasses That in China
News is coming in directly from New Delhi, India that Apple is growing strongly in the area. Indian sales have reached 93 percent while China is behind with 87 percent in April-June.
The company announced its quarterly results on Tuesday and the above mentioned numbers have come forward. This is huge, these numbers have even surpassed the growth rate witnessed in China.
China contributed nearly 25 percent to the $49.6 billion revenue which the company earned in April-June. In terms of volume and revenue, no one can beat China for its Apple consumption.
On an annual basis, India generates just a billion dollar revenue which isn’t too high but the way the market is growing, Apple expects to put 7 million units on the market by 2018 compared to the 1 million sold last year.
A multi brand retail store owner from Mumbai, Manish Khatri, says that iPhones, iPads and iPods are killing it in the market. Apparently even big names like Samsung Galaxy S6 and S6 Edge did not impact Apple’s sales.
“The demand has remained strong after the introduction of iPhone6 last year. Apple devices are selling like hot cakes,” said Khatri.
Apple re-seller Mobile Moovers’ director Nilesh Bhansali says that the dropped price of the older versions of iPhones has benefitted the company. It is cheap and allows users to have the iOS experience. Once they’ve used it, they won’t be able to stop using it.
“The lower price point also introduces people to the Apple world and its operating system at an early stage. Once you buy an Apple, then you usually never quit the brand.”
While another distributor says that being able to buy an iPhone below Rs. 15,000 is just amazing and has helped in brand building.
“iPhone 4S is witnessing great demand. The low entry price of the phone means that a highly aspirational product is being made available at price points which were never seen before.”