Apple sees 400% increase in its profit in India.

An interesting statistics from TOI today on iPhone sales in India. And people still call that Apple is considering India as the dumping yard.

Apple India’s revenues rose threefold to over Rs 2,000 crore for the year ended March 2012, and analysts expect surging iPhone sales to propel the company’s top line to over $1 billion (about Rs 5,400 crore) in the current fiscal year.

And about expanding its presence in India:

In late 2011, the company began to expand its India team and introduce new models closer to their global launch. In September 2012, the company changed its sales model by appointing two retail distributors, began an advertising blitzkrieg, and launched an EMI scheme for smartphones.

Next up? The Apple Store.

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