Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device, new data showed
New Delhi, NFAPost: Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18% growth (quarter-on-quarter) for its flagship device, new data showed.
The India market share of iPhones reached 5.5% for 2022, an 11 per cent growth (year-on-year).
For 2021, Apple iPhones had logged 48% YoY growth with 4.4 per cent market share in the country.
According to the latest CMR data, iPhone 14 series logged 59% market share in Q4 2022, followed by iPhone 13 series at 32% growth.
Apple also sold 0.2 million iPads in India in Q4, and iPad Pro 2022 Series registered 30% growth.
Currently, Apple accounts for around 5% of the overall smartphone market in the country. The iPhone manufacturer is now looking seriously at India and Vietnam to bolster its supply chain in the next 2-3 years.
Apple aims to ship 40-45% of iPhones from India compared to a single-digit percentage currently, according to Kuo.
Every fourth iPhone will be made in India by 2025, according to JP Morgan.
India accounted for 10-15% of iPhones’ overall production capacity at the end of 2022.
Apple became the first smartphone player in India to have exported $1 billion worth iPhones in the month of December. It currently manufactures iPhones 12, 13, 14 and 14 Plus in the country.