Apple is poised to achieve its highest-ever quarterly iPhone shipments in India, with early industry estimates pointing to over three million units dispatched in Q1 2025, as per International Data Corporation (IDC). This reflects a substantial increase from 2.21 million units in the same period last year, highlighting Apple’s accelerating momentum in the Indian market. The growth has been driven by affordability measures such as zero-interest monthly installments, cashback offers, and significant online retail discounts, fuelling double-digit growth in the premium smartphone segment. Notably, this surge comes despite a mid-single-digit decline in overall smartphone shipments in India, affected by inflation and subdued consumer sentiment.
The demand has been led by the latest iPhone 16 series, particularly the iPhone 16e, which offers a more accessible price point. These models have overtaken the iPhone 15 and 13 as the primary contributors to Apple’s Indian shipments. Foxconn, a key manufacturing partner, exported iPhones worth Rs. 11,213 crore (US$ 1.31 billion) in March alone — matching its combined exports for January and February — bringing total iPhone exports to the United States from India in 2025 to Rs. 45,368 crore (US$ 5.3 billion). In 2024, India became Apple’s fourth-largest market globally, with 12 million units shipped — a 35% YoY rise. Apple also entered India's top five smartphone brands by volume in Q4 2024, securing a 10% market share. The company reported a 23% increase in net profit to Rs. 2,745.7 crore (US$ 320.67 billion) and a 36% jump in revenue to Rs.67,121.6 crore (US$ 7.84 billion) in 2024. To strengthen its presence, Apple plans to open four new retail stores in Bengaluru, Pune, Delhi-National Capital Region (NCR), and Mumbai, supported by fresh hiring across retail and manufacturing roles.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
