Little is known about him, except for some of his remaining coins. The dating is Osmund Bopearachchi's, but R. C. Senior suggests approximately the same dates. Earlier scholars, such as Professor Ahmed Hasan Dani, W.W. Tarn and A.K. Narain dated Apollophanes considerably earlier, but the style and finding places of his coins make it clear that he belonged to the last line of eastern Indo-Greek kings, not long before they were overcome completely by pressure from the Indo-Scythians.
He may have been a relative of Apollodotus II Soter since both kings share the epithet Soter (Saviour), have names related to Apollo and use Pallas Athene as their reverse.