Apple India FY26 revenue grows 20% to near Rs 1 lakh Cr
According to Counterpoint research, Apple's iPhone shipments for FY26 grew to 14 million units, up 24% year-on-year.
Apple's revenue in India has surged to nearly Rs 1 lakh crore in the fiscal year 2026, marking a substantial 20% growth compared to the previous year, according to industry sources. The iPhone has been the driving force behind this surge, with shipments increasing by 24% year-on-year, reaching 14 million units. This represents a significant portion of Apple's overall revenue in India.
Neil Shah, a co-founder and VP for Research at market research firm Counterpoint, attributes this growth to Apple's strategic initiatives in India. These include expanding their retail footprint, local manufacturing, and offering flexible financing options. Shah highlights that Apple's focus on these areas has created a "powerful flywheel effect" for its brand, as the growing iPhone user base adopts additional ecosystem offerings, such as Macs and services like Apple Music.
Counterpoint's research indicates that Apple has crossed the $10 billion revenue milestone in India due to record iPhone shipments in FY26. The company's revenue in India surpassed the Rs 1 lakh crore mark in Indian rupees. IDC India analyst Navkendar Singh further emphasizes that India remains a standout market for Apple, with double-digit growth and a growing user base.
However, Singh warns that Apple may face challenges in the near term, such as supply constraints and a global memory-cost crunch, which could lead to increased iPhone prices in the coming weeks. Despite these challenges, demand is expected to absorb any price increases.
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