6. Why India matters little for Apple

Apple reported better than expected revenues of $53.3 billion and profits of $11.5 billion — a jump of 32% — for the April-June quarter. This, despite its sales in India, which contribute only 5.9% of the revenues, falling.
Here’s why the world’s second most populous nation matters less to the world’s most valuable company:
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Meanwhile, Apple moved closer to $1 trillion value after its stock rose by 5.9% on Wednesday, even as China’s Huawei overtook it to become the world’s second largest smartphone seller — despite regulations keeping it out of much of the US market.