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Apple Stores in India Thrive in FY2023-24 with Rs 190 crore to Rs 210 revenue: Report

Apple's two stores in India, located in Delhi and Mumbai, reportedly achieved impressive revenue in the previous financial year (FY2023-24).

Apple BKC (Mumbai) and Apple Saket (Delhi)

Apple’s two stores in India, located in Delhi and Mumbai, reportedly achieved impressive revenue in the previous financial year (FY2023-24). The store’s generated a significant amount, ranging from Rs 190 crore to Rs 210 crore in financial year (FY2023-24).

These stores have consistently achieved strong monthly sales figures, averaging Rs 16-17 crore each since their launch. This performance has reportedly placed them among the top-performing Apple Stores worldwide, with Mumbai’s slightly larger store generating somewhat higher revenue than Delhi Apple Store.

Apple launched two store’s in india Apple BKC (Mumbai) and Apple Saket (Delhi). Apple CEO Tim Cook was also present at the opening event and interact with the visitors.


Also Read:Apple Announces the Winners of the Apple Swift Student Challenge


Strong Interest in Apple Products

The massive revenue figures highlight the growing interest in Apple products among Indian consumers. This trend is further supported by Apple’s increasing market share in the mobile phone segment, reaching 6.6% at the end of 2023. Apple may not happy with only two store in India, they could expand according to ET report.

As Apple’s popularity continues to rise in India, the usage of its products is expected to climb as well. The seamless and efficient ecosystem offered by Apple products is often cited as a major reason for their appeal. Many Indians aspire to own Apple products due to this well-integrated ecosystem and popularity.

Ecosystem Appeal

There’s some truth to the claim that Apple’s ecosystem can be difficult to leave once you’re invested in it. Many YouTube videos discuss the seamless integration between Apple devices and services, creating a user experience that can be attractive to some consumers.

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Enijes Shadap
Enijes Shadap
Enijes Shadap, an emerging professional content writer with an entrepreneur's enthusiasm, aims high in his goals.

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