Buoyed by rising demand for its iPhones among aspirational youth and surge in exports, Apple clocked a 36 per cent increase in its operating revenue in India, surpassing Rs 66,700 crore (about $8 billion) in FY24. The tech giant also posted Rs 2,746 crore ($330 million) in profit last fiscal.

Apple India’s profit increased by 23 per cent in FY24 against Rs 2,229.6 crore ($268 million) in FY23.

Apple India’s revenue from operations grew to Rs 66,727 crore in FY24 from Rs 49,188 crore ($6 billion) in FY23, according to its financial statements.

Overall, the iPhone maker’s India operations reached $23.5 billion in value in the last fiscal (FY24).

Revenue from product sales increased by 36.53 per cent to Rs 63,297.25 crore ($7.6 billion) and service sales jumped by 21.41 per cent to Rs 3,430.45 crore.