TECH - What's Going On With Tech Giant Apple's Stock On Monday? | Benzinga
Apple Inc. (NASDAQ:AAPL) shares are trading higher in the premarket session on Monday.
The company achieved record-breaking annual sales in India, nearing $8 billion, reflecting the tech giant's rapidly expanding presence in the country.
The milestone underscores Apple's growing market in India, where it has increased local assembly of its devices and opened two flagship stores.
India's revenue surged by about 33% in the 12 months ending in March, up from $6 billion the previous year.
Notably, high-priced iPhones accounted for over half of these sales, according to a report from Bloomberg.
Apple's growth in India highlights its efforts to capture users in the world's most populous nation. As India's economy strengthens, consumer purchasing power is rising.
Apple is leveraging this trend ...