Apple India Witnesses Huge 29% Revenue, 267% Profit Jump in FY20
Nov. 10, 2020Apple witnessed a multifold increase in profits,raking in Rs. 926.2 crore(~$124.8 million) in this fiscal year. This is a 267% increase compared to Rs. 262.27 crore profit earned by the company in the previous fiscal. What is the reason for such impressive numbers?
Though Apple’s growth was largely been fueled by iPhones, the COVID-19 work-from-home conditions also saw people turn to its iPads and MacBooks. With theiPhone 12 series, which is already on sale, andApple silicon Macslaunching today, we expect the company to continue on this growth trajectory in the coming months.
