Apple has achieved a significant milestone in India, surpassing an annual revenue threshold of $10 billion (approximately ₹94,919 crores) for the first time.
A Bloomberg report indicates that the tech giant experienced its most successful fiscal year in the country during the 12-month period ending March 2026, highlighting India’s burgeoning role as both a manufacturing epicenter and one of Apple’s rapidly expanding consumer markets.
This landmark achievement arrives just weeks ahead of the anticipated unveiling of the iPhone 18 Pro, iPhone 18 Pro Max, and the company’s inaugural foldable iPhone.
Apple Surpasses $10 Billion Revenue in India
Sources acquainted with the situation revealed that Apple’s revenue from India eclipsed the $10 billion mark during the last fiscal year, reflecting a notable double-digit increase compared to the previous year’s $9 billion in sales.
Notably, a substantial portion of this revenue stemmed from iPhone sales, although demand for other products, such as iPads and Macs, also witnessed a marked increase during this period.
The Rising Significance of India for Apple
India has solidified its position as Apple’s second-largest iPhone manufacturing base, following China. In recent years, the corporation has significantly ramped up local production while concurrently enhancing its retail footprint and sales infrastructure across the nation.
The Indian market has taken on increasing significance as Apple endeavors to stabilize its global supply chain, moving beyond reliance on China.
Additionally, India is emerging as a vital consumer market for premium smartphones, despite Apple products generally commanding higher price points compared to many other international markets.
Manufacturing Incentives Propel Expansion
India’s attractive manufacturing incentives and tax advantages have substantially facilitated Apple’s expansion initiatives.
Recent reports indicate that the government is poised to implement additional exemptions on import taxes for components utilized in the production of goods in India destined for export. These initiatives are anticipated to further fortify Apple’s manufacturing ecosystem within the country.
Anticipated Launch of the iPhone 18 Pro Max
Apple is expected to debut the iPhone 18 Pro, iPhone 18 Pro Max, and its first foldable iPhone at its upcoming September event.
The company’s extraordinary performance in India coincides with the nation’s increasingly pivotal role in both Apple’s global manufacturing strategy and its long-term growth objectives.
Source link: News24online.com.
