Apple products have record sales in this quarter, and HDFC bank has issued record number of cards in the last quarter.
For Q4 2023, Apple reported USD 8.6 billion in revenue for its India business. This represents a 3% year-over-year (YoY) growthAssuming at least 50 % of Apple customers in India have bought their Apple products by HDFC card ( rest have purchased at No cost EMI from other banks or sold their silver… ) that makes for USD 4.3 Billion dollars. Also YOY its just a 3% growth, HDFC bank has a long runway with an Apple in Hand.
Disc : Invested
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