Apple crosses $1 billion sales mark for the first time in India!
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According to results filed with the Registrar of Companies (RoC), The maker of
"With a view to conserving its financial resources, no dividend payout to the company's shareholders has been recommended by the board of directors for the current year," said the Apple India annual report. It said Apple Operations International owns 99 per cent of the Indian company and the rest by Apple Operations Europe. Apple changed its India strategy in 2011, having paid it little attention until then. The company expanded the India team four years ago and started introducing new models closer to their global launch dates.
Image credit: Indiatimes
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