In a major financial milestone, Apple India has reported a substantial surge of nearly 5o per cent in its revenue for the fiscal year 2023, catapulting its total earnings to approximately Rs 50,000 crore. The profit margins have also witnessed substantial growth in this period. Apple India Pvt., headquartered in Bengaluru, has successfully recorded revenue figures of Rs 49,321.8 crore for FY23, up significantly from the previous fiscal’s Rs 33,381.3 crore. The company’s profit margin saw a remarkable 76.4 per cent year-on-year increase, amounting to Rs 2,229.6 crore during the fiscal year under review, as reported by data obtained from Tofler. The vast majority of Apple India Pvt.’s revenue, approximately 94.6 per cent, stemmed from the sale of its iconic devices, including the iPhone, Mac, and iPad. The remaining 5.4 per cent was generated through the provision of maintenance services via its Apple Care insurance program. This impressive surge in revenue and profits can be attribu...