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IPhone

Not the UK or Japan: India has emerged as Apple’s No. 3 iPhone market in just two years – Apple (NASDAQ:AAPL)

thedailyposting.comBy thedailyposting.comApril 4, 2024No Comments

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April 4, 2024 5:44 AM | 1 minute read |


Crypto whales are loading — are you there?

New research shows the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don’t want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Visit Benzinga for the best cryptocurrency research and investing for just $1.


This article was first published on Benzinga India’s portal.

By 2026, India is expected to overtake Japan and the UK to become the third largest iPhone market. Apple. According to a report by Counterpoint Research (NASDAQ:AAPL).

Enter to win $500 in stocks or crypto

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Apple reached a significant milestone in India in 2023, with iPhone shipments exceeding 10 million units for the first time, leading to revenue generation.

SEE ALSO: X launches community note in India, just in time for elections

Interestingly, iPhones made in India will account for 13% of global shipments in 2023, up from just 1% in 2018. This surge is due to Apple’s growing brand affinity in India, which has become the tech giant’s fastest growing country. market in the coming years.

Looking ahead, by 2025, Apple’s services division is expected to account for a quarter of total revenue, exceeding $100 billion annually. Supported by an installed base of more than 2 billion devices, the thriving Apple ecosystem is driven by services such as the Apple Store, Apple Care+, and AppleOne subscriptions.

The Apple One subscription, introduced in 2023, is expected to significantly boost Apple’s services revenue, highlighting the important role the iPhone plays within Apple’s ecosystem. As Apple continues to penetrate emerging markets, demand for the iPhone is not only driving the company’s sales, but also driving growth across Apple’s product line and luring new users into its iOS ecosystem.

Read next: Tesla considers $2-3 billion electric car factory in India

Photo credit: Shutterstock


Crypto whale is loading — are you there?

New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don’t want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Visit Benzinga for the best cryptocurrency research and investing for just $1.


© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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