Breaking News
1. Donald Trump postpones first rally since his trial began, due to bad weather      2. Bihar: Five more held in teacher recruitment exam 'paper leak' case      3. Nine people died in a road accident in Panchola near Aklera, of Jhalawar district      4. One Naxal has been neutralised in an encounter with security forces in the Keshkutul area of Bhairamgarh, in the Bijapur district. Details awaited: Chhattisgarh Police      5. Two dead, 14 injured in Memphis block party shooting, police says      6. Gwalior: Fire breaks out in Rang Mahal, Sangam Vatika; dousing operations underway      7. US: Trump jury set for opening statements      8. US: Appeals court refuses to halt Trump's hush money trial over defense complaints about jury selection, reports AP      9. Elon Musk came out against banning TikTok in US, even if it would mean less competition for his social media platform X, as the initiative sees fresh bipartisan momentum in Congress      10. Himachal Pradesh: Lahaul and Spiti district received a spell of snowfall      11. Jammu and Kashmir: Union Minister Hardeep Singh Puri to address Viksit Bharat ambassadors meet in Srinagar today.      12. IMF Asia & Pacific Department Director Krishna Srinivasan gives a sneak peek of the IMF report which will be released in Singapore later this month      13. Boat capsizes in Odisha's Jharsuguda, woman dead, seven missing      14. 21 police and Home Guard jawans injured as bus carrying them after poll duty overturns      15. DK Shivakumar desperately wants to become CM, says K'taka BJP chief Vijayendra      16. Sainik School Rewa in spotlight as alumni scale new heights in armed forces      17. PM Modi in Amroha: How can Yaduvanshis be with those disrespecting Krishna?      18. Prince Harry wins latest High Court trial against UK tabloid amid settlement pressure      19. Two held for IPL cricket betting in Pune      20. BJP attacks BJP and EC again, asks why only central forces deployed in Bengal     

India Becomes the 5th Largest iPhone Market in The World!

  • Posted on July 19, 2023
  • News
  • By Debarati Pal
  • 185 Views
5th Largest iPhone Market in The World



Apple recently opened two retail centers of the Company in India. The locations are New Delhi and Mumbai. Within a year of their inauguration, the retail centers are doing extremely well in business.


India overtook France and Germany to become the 5th largest iPhone market in the world.
India overtook France and Germany to become the 5th largest iPhone market in the world.(Image source: Reuters)

Apple’s New Achievement in The Indian iPhone Market

India has now emerged as the 5th largest iPhone market in the world which is great news for the Company, Apple. The four countries which rank higher than India are the US, the UK, China and Japan while the two countries which India overtook to reach the 5th position are France and Germany.


While the Indian smartphone market is mostly dominated by Samsung and Xiaomi due to the majority of middle-income households, the premium phones market is now being dominated by Apple alone.


India Becomes the 5th Largest iPhone Market in The World
India Becomes the 5th Largest iPhone Market in The World

Apple’s Growth and India’s Contribution

Apple has grown 50% on a year to year basis and in this growth the contribution of India is now estimated to be 4%. A report by Morgan Stanley has shown that the Indian iPhone market is bound to shoot up even more in the coming years and that India is a favorable spot for foreign investment by Apple.


For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world.

Author
No Image
Debarati Pal

You May Also Like