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Apple's India Revenue Crosses Rs 1 Lakh Crore for the First Time, Profit Jumps 66%
Sentiment: PositiveHigh Priority
What Happened?
Apple's revenue in India surpassed Rs 1 lakh crore for the first time in FY26, driven by strong demand for iPhones. Profit increased by 66% to Rs 5,311 crore.
Key points
- Apple's revenue from operations in India rose 31% year-on-year to Rs 1,03,853 crore in FY26.
- Profit jumped 66% from Rs 3,196 crore in FY25 to Rs 5,311 crore in FY26.
- Samsung's phone revenues declined by 1.4% to Rs 81,472 crore in the same fiscal year.
- The overall smartphone market in India grew 2% in volume and 9% in value in FY26.
- Apple's volume growth in India increased to 24%, up from 11% in FY25.
- Retail expansion and financing options contributed to Apple's growth in India.
Key insights
- Apple's retail expansion into Tier 2 cities may broaden its customer base.
- Financing options like No-Cost EMIs could make Apple products more accessible.
- E-commerce trade-in programs may lower the effective price of iPhones.
Why it matters
Apple's growth in India reflects a shift towards premium devices among Indian consumers.
Entities
Apple· CompanySamsung· CompanyIndia· Country
Source
India Today
