India is now one of Apples top 5 iPhone markets for the first time

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For Apple, India overtook Germany and France for iPhone sales in the June quarter, and is now behind the U.K., Japan, China and the U.S., Counterpoint Research told CNBC on Tuesday. India contributed close to 4% of all iPhone sales in the second quarter, according to the research firm. The firm was not able to disclose the exact number of iPhone sales but said they grew 50% year-on-year. The rapid growth in India comes as Apple ramps up its presence in the worlds fifth-largest economy from both a retail and manufacturing perspective. In April, Apple opened its first physical stores in the country in the capital of Delhi and the populous city of Mumbai.

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