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Apple India’s Net Profit Drops 70%: revenue dropped in FY 2019 || Report

Apple India’s Net Profit Drops 70%: revenue dropped in FY 2019 || Report

Apple is facing its revenue drop in India in FY 2019 (FY stands for the ‘financial year’ which is from 1 April 2019 to 31 March 2020.)  Will Apple survive this revenue dropping situation? And many other questions must be arousing in your mind.

Every year, Apple launches its new version of the iPhone series. This year Apple launched its Apple iPhone 11 Pro, Apple iPhone XR, Apple iPhone 11 Pro Max. These Smartphones work on iOS platform, not on Android. The brand Apple that has no Comparision and Competition, is facing a revenue drop in FY-2019.

Apple faced its first profile and revenue slump this Financial-Year 2019, according to some reputed sources. It’s not surprising for the company as they always keep track-records for Sales and other disturbing issues in the product Sales. Actually, the profit fell more than 65-70% losing much more than 250 crores approximately- According to the Report provided by the Registrar of Company( RoC).

The source said that there is a massive break-down in Sale and Shipment of Apple Gadget(/iPhones/iPads etc.) in the Indian Market. Will Apple Survive this? Apple with it’s new iPhone series i.e iPhone 11 Pro launched its iPhone XR with a massive discount to cover the Indian Market-2019. Apple is also attracting people with ultimate BANK options to increase its sale in India. First, the launch price of iPhone XR series was $1,000(Rs.70,000 approx.) in India but now after giving the huge dicounts of Rs.19,000 it present time price is Rs.51,000.

Apple believes that by reducing the price of their iPhone 11 series, the company will revive. Apple iPhone XR series has got effective improvement in Sale after reducing the price and providing affordable BANK EMI OPTIONS. So, this strategy should also help in the case of the iPhone 11 series to grow it’s Sale in Indian Market. In the upcoming year, Apple is looking forward to establishing a stronger base in INDIA-2020.

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