Apple India Sales Cross $10 Billion for First Time as iPhone Production Reaches 25%

Apple’s annual sales in India have reportedly crossed $10 billion for the first time, marking a major milestone for the company in one of the world’s fastest-growing consumer technology markets.

According to a Bloomberg report cited by IT Home, Apple recorded double-digit revenue growth in India during the 12-month period ending in March 2026. The iPhone remained the company’s biggest revenue contributor in the country, while demand for iPads and MacBooks also increased.

The country-specific sales figure has not been publicly disclosed by Apple. It was reported by Bloomberg based on information from people familiar with the company’s Indian operations.

Apple’s India Business Continues to Grow Rapidly

Crossing the $10 billion mark represents another significant step in Apple’s expansion across India.

A previous Bloomberg report estimated that Apple generated almost $9 billion in Indian sales during the fiscal year ending March 2025, up approximately 13% from the previous year. The latest reported figure suggests that the company maintained double-digit growth during the following 12 months.

Although India still represents a relatively small portion of Apple’s worldwide revenue, the country is becoming increasingly important to the company for two reasons.

India is developing into a major market for Apple products while also becoming one of the company’s most important manufacturing locations outside China.

That combination could make India a central part of Apple’s long-term global strategy.

iPhone Remains Apple’s Biggest Revenue Driver in India

The iPhone continues to generate most of Apple’s Indian sales, supported by growing demand for premium smartphones, financing options and trade-in programmes.

However, Apple’s growth in India is no longer limited to smartphones. Demand for the company’s MacBook and iPad products has also increased, indicating that more Indian customers are entering the wider Apple ecosystem.

Apple has highlighted strong growth in emerging markets during recent earnings calls. India was among the markets where the company recorded strong double-digit growth across important product categories.

This broader demand is important because customers who purchase multiple Apple products are more likely to remain within the company’s ecosystem and use services such as iCloud, Apple Music, Apple TV and the App Store.

Apple Now Makes About One in Four iPhones in India

India’s growing importance is even more visible in Apple’s manufacturing operations.

Apple reportedly assembled approximately 55 million iPhones in India during 2025, compared with around 36 million units in 2024. This represented an increase of roughly 53% and accounted for about 25% of Apple’s total global iPhone production.

In simple terms, approximately one out of every four iPhones manufactured worldwide is now assembled in India.

This represents a major change from only a few years ago, when China handled the overwhelming majority of iPhone production.

Apple is not completely moving away from China, which continues to provide a highly developed electronics supply chain, skilled workers and large-scale manufacturing capacity. Instead, the company appears to be building India into a second major production base to reduce its dependence on a single country.

India Is Becoming Important for US-Bound iPhones

India is also becoming an important source of iPhones supplied to customers in the United States.

Apple has reportedly been working with manufacturing partners to produce most US-bound iPhones in India by the end of 2026. The move could help the company reduce risks related to tariffs, trade restrictions and geopolitical tensions involving China.

India’s expanding manufacturing capacity gives Apple greater flexibility when responding to supply-chain disruptions or changes in international trade policies.

However, replacing China entirely would be difficult. Apple’s Chinese supply chain has taken decades to develop and includes thousands of component suppliers, logistics partners and experienced manufacturing workers.

India is therefore more likely to complement China rather than completely replace it in the immediate future.

Apple Expands Its Official Retail Network in India

Apple’s retail expansion has also contributed to its rising sales.

The company launched its Indian online store in 2020 before opening its first two physical Apple Stores in Mumbai and New Delhi in 2023.

Apple continued expanding into additional cities and opened Apple Borivali in Mumbai in February 2026. The location became Apple’s second store in Mumbai and its sixth official retail store in India.

Apple’s current Indian store network includes locations in:

1. Mumbai
2. New Delhi
3. Bengaluru
4. Pune
5. Noida

The physical stores allow customers to test products, receive purchasing advice, attend educational sessions and access direct technical support.

The company also continues working with premium authorised resellers in cities where an official Apple Store is not yet available.

Financing, Cashback and Trade-In Offers Support Sales

Price remains one of Apple’s biggest challenges in India.

Apple products are positioned in the premium segment, while the average selling price of smartphones in India remains considerably lower than the price of a new iPhone.

The entry-level iPhone 17 is currently listed by Apple India from ₹82,900. Apple also offers eligible customers trade-in credit, instalment plans and selected bank cashback programmes. Prices and promotions can change over time.

These purchasing options make Apple products more accessible to customers who may not want to pay the entire amount upfront.

Trade-in programmes also encourage existing iPhone owners to upgrade by exchanging their older smartphones for credit toward a new device.

Apple additionally offers education pricing and limited-period promotions for eligible university students purchasing products such as MacBooks and iPads.

Will More Local Production Make iPhones Cheaper in India?

Producing more iPhones in India does not automatically guarantee lower retail prices.

The final cost of an iPhone depends on several factors, including taxes, imported components, currency exchange rates, transportation costs and Apple’s global pricing strategy.

Even an iPhone assembled locally may contain displays, processors, camera sensors and other components imported from different countries.

Local manufacturing could nevertheless help Apple reduce import-related expenses, improve product availability and respond more quickly to Indian demand.

Greater competition between Apple’s authorised retailers and manufacturing partners could also create more promotional offers, although Apple has not announced that Indian iPhone prices will be reduced because of increased local production.

The Indian Rupee Remains a Challenge

Currency movements can affect Apple’s reported revenue in dollar terms.

The Indian rupee has weakened against the US dollar, meaning Apple’s rapidly growing sales can appear smaller when converted into dollars.

Currency depreciation can also make imported components more expensive, potentially limiting Apple’s ability to reduce prices in India.

Despite this challenge, Apple’s reported sales still crossed the $10 billion level, showing that demand was strong enough to offset some of the negative foreign-exchange impact.

Why the $10 Billion Milestone Matters

The milestone shows that India is evolving from a secondary market into an important pillar of Apple’s global business.

India now provides Apple with three major opportunities:

A growing consumer market: More customers are purchasing iPhones, Macs, iPads and other Apple products.

A manufacturing alternative: Apple can reduce excessive dependence on its Chinese manufacturing operations.

An export base: India-made iPhones can be supplied to large international markets, particularly the United States.

Few countries can offer Apple all three advantages simultaneously.

Can Apple Continue Growing in India?

Apple still faces several challenges in the Indian market.

Its products remain expensive compared with devices from Samsung, Xiaomi, Vivo, Oppo, Realme and other Android manufacturers. Many competitors offer high-refresh-rate displays, large batteries and fast charging at significantly lower prices.

Apple must therefore rely on its brand reputation, software support, privacy features, camera performance, retail experience and ecosystem to attract Indian customers.

The company’s relatively small market share also means it has considerable room for further growth. New stores, additional financing programmes and increased local production could help Apple reach customers beyond India’s largest cities.

What Happens Next?

Apple is expected to continue expanding both its retail and manufacturing presence in India.

The next stage may involve producing a wider range of iPhone models locally, increasing the use of Indian-made components and opening official stores in additional cities.

Manufacturing partners may also increase factory capacity as India becomes more important for global iPhone exports.

The biggest change is that India is no longer serving only as an alternative manufacturing location. It is simultaneously becoming a major sales market, retail destination and export hub for Apple.

DeviceDecode Analysis

Apple’s reported $10 billion sales milestone should not be viewed as an isolated annual result.

The more important development is the connection between Apple’s growing Indian customer base and its rapidly expanding local manufacturing network.

More local production can improve availability, retail expansion can increase customer trust, and financing programmes can make premium devices accessible to a wider audience.

India is unlikely to replace China across Apple’s complete supply chain in the near term. However, producing approximately one in four iPhones in India shows that the country has already moved beyond the experimental stage of Apple’s diversification strategy.

For Apple, India is now both a place to manufacture its products and one of its most promising markets in which to sell them.

Frequently Asked Questions

How much does Apple earn from India?

Apple’s annual Indian sales reportedly surpassed $10 billion during the 12 months ending in March 2026. Apple has not officially disclosed the country-specific figure.

What percentage of iPhones are made in India?

Reports indicate that India produced approximately 25% of Apple’s global iPhone output in 2025, equivalent to around one in every four iPhones.

How many official Apple Stores are operating in India?

Apple currently lists six official retail stores in India, including two locations in Mumbai.

Is every India-made iPhone sold in India?

No. A significant portion of India-made iPhones is exported to other markets, including the United States.

Will iPhones become cheaper because they are made in India?

Local production may reduce some expenses and improve availability, but retail prices also depend on taxes, imported components, exchange rates and Apple’s pricing strategy.

Is India replacing China as Apple’s main manufacturing location?

Not yet. China remains a major part of Apple’s supply chain. India is developing into an additional large-scale production centre that reduces Apple’s dependence on China.

Source Note for the Article

Source: Bloomberg, with additional information verified through Apple’s official India retail pages, Apple Newsroom, Reuters and IT Home. Apple has not publicly disclosed the reported $10 billion India sales figure.