- Apple India's FY26 revenue grew 20% to near ₹1 lakh crore, with iPhone shipments increasing by 24% year-on-year, according to industry sources.
- Apple India sales exceeded $10 billion due to record iPhone shipments, which are close to the ₹1 lakh crore revenue mark.
- According to Counterpoint, Apple's iPhone shipments for FY26 grew to 14 million units, up 24% year-on-year, and the iPhone accounts for the majority of Apple's revenue in India.
- Neil Shah, Co-founder and VP for Research at Counterpoint, stated that India has emerged as a cornerstone growth market for Apple, driven by rapid iPhone adoption and an expanded retail footprint.
- IDC India analyst Navkendar Singh noted that India was again a standout for Apple with double-digit growth, but flagged supply constraints and memory-cost pressures that will push up iPhone prices.
Apple Inc exceeded $10 billion in annual sales in India for the first time in FY26, marking a significant milestone for the tech giant.
Revenue grew by 20% to nearly ₹1 lakh crore, driven primarily by a 24% increase in iPhone shipments, which reached 14 million units according to Counterpoint research.34
The surge in sales underscores the growing demand for Apple's premium devices in a market where it is expanding its retail network. Apple's iPhone accounted for a significant majority of the sales, with analysts noting that the brand is gaining traction among mature smartphone users who are upgrading to premium devices.
Neil Shah, Co-founder and VP for Research at Counterpoint, stated, “India has emerged as a cornerstone growth market for Apple, driven by rapid iPhone adoption.” He added that Apple has built momentum through an expanded retail footprint, localized manufacturing, and flexible financing options, creating a powerful flywheel effect for its brand.56
Despite the impressive growth, challenges remain. IDC India analyst Navkendar Singh warned of potential supply constraints and rising prices due to a global memory-cost crunch. “Prices for iPhones will see an increase in the next few weeks; however, demand should absorb it,” Singh noted.789
As India continues to grow in significance for Apple, it represents a strategic pivot away from reliance on the Chinese market amid geopolitical tensions.
“Counterpoint pegged Apple's FY26 iPhone shipments at 14 million units, up 24% year-on-year, with roughly a quarter of iPhones now assembled locally. IDC India analyst Navkendar Singh warned that supply constraints and a memory-cost crunch will push up iPhone prices in the coming weeks.”
