Apple posts record sales in India with strong growth across iPhone, Mac, iPad, and services
- IBEF
- February 2, 2026
In India, Apple Incorporated set a record for total revenue for the three months ended December 2025. "This was aided by double-digit revenue growth across Apple's four main device categories," said by CEO of Apple, Mr. Tim Cook during an investor call. He said Apple is optimistic about international markets, particularly India, describing the region as a "key growth market." Demand for iPhones, Macs, iPads, and the services category is extremely strong in India. Furthermore, Apple outperformed many other international emerging markets, reflecting an increase in the purchasing power of consumers in India and an increase in upscale consumption among Indian consumers. Analysts believe Apple's expansion of retail stores, including flagship stores in Mumbai and Delhi, as well as competitive financing and trade-in programs, have decreased the barriers to entry for new customers in India.
The "Make in India" program of the tech giant has helped them achieve significant success, particularly with respect to their iPhone exports and an anticipated Rs. 4.25 lakh crore (US$50 billion) in iPhone exports from India under the Production-Linked Incentive (PLI) scheme by December 2025. Thus far, Apple has already exported over Rs. 1.36 lakh crore (US$16 billion) worth of iPhones from India for just nine months of fiscal 2025-26 alone; and India accounts for about 25% of total global iPhone production today, a remarkable increase from just single digits a few years ago. In addition, Apple's retail growth continues to accelerate; they opened their fifth store in December and will soon open a second store in Mumbai. This ecosystem strengthening will result in a "halo effect" due to the all-time high number of total installed customers providing very strong opportunities for Apple to cross-sell its services, including Apple Music and Apple TV.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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