
Apple India reported a significant financial performance for the fiscal year 2023-24, with revenues increasing by 36% to Rs 67,122 crore and net profit rising by 23% to Rs 2,746 crore, according to filings with the Ministry of Corporate Affairs. The company's total income also saw a rise, reaching Rs 67,121.6 crore, up from Rs 49,321.8 crore in the previous fiscal year. However, the royalty payments made to Apple Global surged by 107% to Rs 4,490 crore, highlighting a growing cost structure alongside increased revenues. This financial data comes as Apple continues to expand its presence in India, announcing plans for four new retail stores in the country.
EU antitrust regulators closed a four-year long investigation into Apple's rules for competing e-book and audiobook apps developers after the complainant withdrew its complaint against the iPhone maker https://t.co/DpxbsTalbq https://t.co/HEX4PV41rP
Apple's quick App Store takedowns over copyright claims are a nightmare for developers https://t.co/ZQn6BjCICh #Apple
Apple returns 95% of App Store revenue to China developers https://t.co/w4zk6y0MT1
