Apple India paid a record $4.2 billion in dividends to its parent, surpassing its net profit, highlighting the market's growing importance.
Apple India paid a record ₹3,302 crore in dividends to its Irish parent company for the fiscal year 2024, more than double the previous year, indicating the growing importance of the Indian market. This dividend exceeds the ₹2,745.7 crore net profit Apple India generated in the last fiscal year, marking the first time dividends surpassed profits in at least five years. The move highlights Apple's increasing reliance on India for cash flow.
5 months ago
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