Apple India's FY'23 Revenue Surges by 48%, Profits Soar 77%
Apple India's FY'23 Revenue Surges by 48%, Profits Soar 77%
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In the financial year ending in March 2023, Apple India experienced remarkable financial growth. The company's revenue saw a substantial increase of 48% on a year-on-year basis, reaching Rs 49,322 crore, as reported by business intelligence firm Tofler. This is a substantial rise compared to the Rs 33,381 crore in revenue that Apple India had recorded in the previous financial year, FY 2022.
Furthermore, Apple India's profit also showed substantial growth, surging by approximately 77% to reach Rs 2,230 crore in FY 2023, a significant increase from the Rs 1,263 crore in profit reported for FY 2022. Tofler noted that the company's total expenses for the fiscal year amounted to Rs 46,444 crore, representing a substantial increase compared to the expenses of around Rs 31,693 crore in FY 2022.
