Morgan Stanley has highlighted the significant growth of Apple's iPhone business in India, outpacing individual European Union countries in terms of sales. In 2023, iPhone shipments in India saw a 39% year-over-year increase, reaching 9.2 million units. This surge in sales has positioned India as the iPhone's fifth-largest market globally. Additionally, the global market for 5G smartphones has seen rapid adoption, with cumulative shipments crossing 2 billion units in less than five years. Apple and Samsung have been major contributors to this milestone, together shipping 1 billion units, according to Counterpoint Research.
'The India Opportunity': Why Morgan Stanley is BULLISH on India - 10-year plan DECODED https://t.co/62YsrgJWLK
Global cumulative shipments of 5G smartphones crossed 2B in less than five years, a faster adoption rate than 3G or 4G; Apple and Samsung together shipped 1B (Counterpoint Research) https://t.co/GxkTnhHj5o 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/PshixAmoU4
Morgan Stanley: iPhone shipments in India grew 39% YOY in 2023 to 9.2 million units, making it iPhone’s 5th largest market https://t.co/4A8Lf6R4vD
India’s iPhone business outpaces individual EU countries for Apple, Morgan Stanley says: https://t.co/2C1GeaOszb by TechCrunch #infosec #cybersecurity #technology #news
India’s iPhone business outpaces individual EU countries for Apple, Morgan Stanley says https://t.co/XEAaNzoSaR