Apple India analysts have announced that its revenues have gone over Rs.2,000 crore with the sale of iPhones for the year ended March 2012. They also expect that the iPhone sales will boost the company's top line to over $1 billion (about Rs.5,400 crore) in the current fiscal year.
Apple India's revenues rose 223% to Rs.2,003.9 crore in FY12, from Rs.620 crore a year ago. During the same period, the Indian unit's net profit shot up 431% to Rs.311.5 crore, from Rs.58.6 crore.
According to Market Researcher Canalys, the iPhone shipments to India have risen three-fold in the past six months. This research enables Apple to reach $1 billion in revenues in 2013-14.
Jessica Kwee , Analyst for Mobile Phones (APAC), Canalys, said, "Apple's iPhone shipments to India will range 6–7 lakh units during 2012-13, compared with some 4 lakh units during 2011-12. She added that between October 2012 and September 2013 – which is Apple's financial year – the company will ship more than 1 million iPhones to India, which could translate into $1 billion in sales during the period. Apple India should generate $1-billion sales between April 2013 and March 2014 as well."
The company has also announced an attractive buyback scheme for iPhone 4 .The scheme offers a minimum buyback amount of Rs.7,000 for an old smartphone. In addition to smartphones, the company claims that the tablet and computer businesses, too, have gone up in India due to the EMI schemes for iPads and promotional offers on Mac personal computers.
