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Apple's India growth hits 6-year low

Growth slows to 17% as major policy changes disrupt market

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An iPhone 8 is displayed at the Apple Orchard Shop in Singapore (Photo: Reuters)

Last Updated : Dec 13 2017 | 10:59 AM IST

Apple India posted Rs 11,618.7 crore revenue during 2016-17. The firm’s topline grew 17 per cent over the previous year’s Rs 9,937 crore turnover, but the rate was lowest in the past six years, the data available with the Registrar of Companies under the Ministry of Corporate Affairs reveals.

During 2015-16, Apple’s sales grew by over 53 per cent year-on-year (y-o-y).

Between 2011-12 and 2015-16, Apple India’s gross sales consistently grew by over 40 per cent a year. In 2011-12, its y-o-y growth was 223 per cent; for 2014-15 it grew by 43.8 per cent — lowest during the period.

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