Overview

• Revenue in India rose about 13% in the 12 months through March to nearly $9 billion, led by iPhones with stronger MacBook demand.
• Apple opened new stores in Bengaluru and Pune this week, with additional outlets planned in Noida and Mumbai.
• About one in five iPhones is now made in India across five factories, and Apple plans to use the country as a hub for U.S.-bound devices.
• Discounts, trade-ins and bank card rebates are helping offset high local prices, with iPhones holding roughly 7% market share, according to Counterpoint Research.
• Apple has not commented on the Bloomberg-reported revenue figure.