Saturday, October 27, 2018

Apple India's net soars

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Apple India’s net profit soared around 2.5 times to Rs 896 Cr for the last financial year, despite slower revenue growth.

The iPhone-maker had reported a net profit of Rs 373 Cr in FY17.

The  company's revenues grew by 12 per cent to Rs 13097 Cr in FY18.

Apple stock closed at $ 216.30 in Friday's trade, Nasdaq lost 150 plus points and ended the day at 7167.

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