TUAW has recently reported several times about Apple's efforts to tap the huge market for iPhones in India. Now the Times of India is reporting that Apple's net profit for the India business unit has skyrocketed 431 percent year over year.
As the newspaper explains, these figures do not take into account Apple's recent agressive marketing strategies, and that it may be that the company became aware of the vast potential for sales in India during two strong years in 2011-12. Now the company is "chasing volumes and looking at the numbers game," according to Manasi Yadav of IDC.
Market research firm Canalys notes that iPhone shipments to
