Now Reading: Apple India software revenue hits ₹650 crore in FY26
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Apple India software revenue hits ₹650 crore in FY26
The Story in Brief
Apple’s Indian subsidiary, Apple Operations India, earned ₹650 crore from software development in FY26, according to Registrar of Companies filings. This marks a sharp rise from zero revenue in this segment a year earlier. The unit’s total revenue crossed ₹1,400 crore, up from ₹318 crore in FY25, with manufacturing support revenue nearly doubling to ₹520 crore. Net profit jumped over fourfold to ₹103 crore from ₹28 crore.
Business intelligence firm AltInfo founder Mohit Yadav said the growth reflects India’s transition from just a manufacturing base to a global engineering and support hub for Apple. The filings show about 97% of the unit’s business was for Apple’s global operations. Separately, Tofler data cited by Business Today puts Apple India’s total revenue at ₹1,04,607 crore in FY26, up 32% from the previous year, with net profit at ₹5,311 crore.
Indian Opinion Analysis
Both outlets report the same RoC filing data on Apple Operations India, but their framing differs in emphasis. TV9 Hindi leads with the ₹650 crore software revenue as a sign of Apple expanding beyond manufacturing, while Business Today similarly highlights the shift but adds context by noting Apple India’s overall ₹1,04,607 crore revenue and a comparison with Samsung, details TV9 omits. Both credit analyst Mohit Yadav’s view that this signals Apple positioning India as a global engineering hub. The coverage is broadly neutral, with no government angle, the key variation is Business Today’s inclusion of broader Apple India financials, which TV9 leaves out. The uniformity lies in the core filing figures, total revenue of ₹1,400 crore, profit of ₹103 crore, and 97% of business for global operations, which both report identically.
Coverage: 2 sources, 2 neutral
Sources (2): tv9hindi.com (neutral report), businesstoday.in (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
