Morgan Stanley: India accounts for 15% of Apple's total revenue in the next five years
CTOnews.com July 18, Morgan Stanley analysts recently released estimates that the Indian market will account for 15% of Apple's total revenue and 20% of production in the next five years.
Analysts raised Apple's target price to $220 a share (CTOnews.com Note: currently about 1573 yuan) and said India could generate $40 billion (currently about 286 billion yuan) in revenue for Apple over the next decade.
Analysts combined factors such as electrification in India and Apple's production and retail operations in India, and commissioned a survey of Indian users and found that Indian consumers were more willing and able to buy iPhone.
