Apple India's revenue increased by 48 percent in FY 23, net profit also increased by about 77 percent

Business intelligence firm Tofler has given information about the financial performance of Apple India. According to the financial statements given by them, Apple India's revenue increased by 48 percent on year-on-year basis to Rs 49,322 crore in the financial year ending March 2023.

At the same time, Apple India had recorded a revenue of Rs 33,381 crore in the financial year 2022.

According to Toffler report, the total expenditure of the company for the financial year 2023 is said to be Rs 46,444 crore. At the same time, Apple India's expenditure in the financial year 2022 was around Rs 31,693 crore. Apart from this, the company's profit increased by about 77 percent to Rs 2,230 crore in FY 2023, which was Rs 1,263 crore in FY 2022.

Apple India said that the growth in sales of new generation devices has led to an increase in the company's revenue and profit. Apart from this, the company also said that now the cost of its components has also declined. Due to this the profit margin of the company has increased.

Apple India had informed in a statement that now iPhone will be manufactured in India by Tata Group. iPhones manufactured by Tata Group will be supplied to the Indian market as well as the international market.

Let us tell you that Tata Group is the first iPhone manufacturing company in the country. Tata Group is going to buy the plant of Wistron Corporation located in South India.