Apple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars
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6 Articles
Apple's India revenue crosses Rs 1 lakh crore for the first time, profit jumps 66%
Apple India’s revenue crossed Rs 1 lakh crore in FY26, rising 31 per cent year-on-year, while net profit jumped 66 per cent, says a report. Heres a look at the factors driving Apple’s growth in India.
The Economic Times
Times of IndiaApple India in sweet spot as FY26 revenue crosses Rs 1 lakh crore, profit soars
Apple India's revenue reached ₹1 lakh crore in FY26, reflecting a strong growth trend in smartphone sales. Revenue growth was noted at 31%, exceeding that of its competitor Samsung, which faced a decline. Net profit increased by 66% from the previous fiscal year, highlighting Apple's robust performance. The premium smartphone market saw significant growth, benefiting Apple due to its strong brand appeal.
Apple India's revenue reached ₹1 trillion in fiscal 2026, driven by strong growth in smartphone sales. Revenue growth was 31%, significantly outpacing Samsung.
Apple factories in India have started assembling the Apple iPhone, but its price has not come down, and sales have continued to increase. While only one in 10 people owned an Apple iPhone 10 years ago, today 5 in 10 people own an iPhone. The Indian smartphone market has adapted to this.
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- 67% of the sources lean Right
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