Now Reading: Apple’s India sales cross $10 billion for the first time
-
01
Apple’s India sales cross $10 billion for the first time
Apple's annual sales in India topped $10 billion for the first time in the fiscal year ending in March, up from $9 billion the year before and 67 percent higher than three…
Apple's annual sales in India topped $10 billion for the first time in the fiscal year ending in March, up from $9 billion the year before and 67 percent higher than three years ago, according to an unnamed insider cited by Bloomberg and reported by GSMArena.com. Most of the growth came from iPhones, though demand for iPads and MacBooks also rose. A 10 percent decline in the rupee against the dollar since the start of 2025, along with local taxes, has pushed prices up, with the base iPhone 17 costing ₹82,900 in India, more than the $799 US price once converted. Apple has offset this with bank credit-card rebates, student discounts and trade-in offers. About 55 million iPhones, roughly a quarter of new global production, were reportedly made in India in the past year, up from 36 million previously, and India is considering extending tax exemptions on manufacturing equipment and some component imports to 2041, a proposal not yet approved.
Indian Opinion Analysis
The milestone points to India's growing weight in Apple's business, but the comparison with China, where quarterly sales alone were $18.8 billion, shows the scale gap that remains between the two markets. The production figures come from an unnamed source rather than company-confirmed data, and the tax exemption extension is still only under government consideration. Approval of the proposed extension of manufacturing tax exemptions to 2041 is the government decision still pending.
Source: GSMArena.com
This brief was synthesised by AI from the source linked above.
