Monday, June 17, 2024
HomeGadgetverseSmart Home GadgetsIndia going to be a bigger iPhone market than China by 2027

India going to be a bigger iPhone market than China by 2027

Apple’s long-term investment in India is starting to show results, with revenue jumping 42% to $8.7 billion in 2023. This represents a significant milestone, as India’s iPhone market is now larger than any individual European Union country.

Why India Is a Better Market For iPhone Than China?

Key Takeaways:

  • iPhone shipments in India surged 39% to 9.2 million units, making it the 5th largest market globally.
  • India’s iPhone market is larger than any single EU nation.
  • While China remains the biggest market, India’s growth trajectory could see it surpass China by 2027.
  • Demand for higher-storage models fueled growth, with the average memory per iPhone sold rising by 26%.
  • Apple’s commitment to India includes opening retail stores and expanding manufacturing.
  • Analysts estimate India’s revenue could reach $40 billion by 2032.

India’s Apple Market Booming:

  • iPhone sales in India are outpacing global trends, with demand shifting towards higher-storage models.
  • This growth is attributed to a rising middle class and increasing smartphone adoption.
  • Apple’s focus on offline stores and local manufacturing further strengthens its presence.

India’s potential as a major iPhone market is undeniable. Continued growth could see it surpass even China in the coming years. Apple’s commitment to India’s growth trajectory is evident through its investments and expansion plans.



Please enter your comment!
Please enter your name here

Most Popular