Will India Become Apple’s Next “China”? Apple's Annual Sales in India Soar 50% Year-on-Year

According to the latest sources familiar with the matter, as of March, Apple’s sales in the Indian market in the past year reached a record of nearly 6 billion U.S. dollars, up nearly 50% from 4.1 billion U.S. dollars in the previous year.

At the same time, Apple is paying more and more attention to the Indian market and continuously increasing its investment in the country. Can Apple repeat the great success it achieved in the Chinese market in India?

Apple announced its plans to open its first offline retail store in India last week. It is reported that the retail store in Mumbai, India will open on Tuesday (April 18) and the retail store in Delhi will open on April 20.

On the opening day, Apple CEO Tim Cook will personally go to India to participate in the opening of the local Apple offline store. Apple's move is not surprising, because Cook said in February that India is a key market for Apple, and also said that Apple attaches great importance to the Indian market.

It is no secret that Apple attaches great importance to India and its tendency to increase investment in India. Because India is the world's second-largest smartphone market and one of the fastest-growing, Apple seeks to seize new market opportunities, hoping that India will become a lucrative market similar to China.