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Apple Sets India Sales Record Near $9 Billion on Store Expansion

Targeted incentives help Apple offset high local taxes, boosting momentum in a market where iPhones hold about 7% share.

Overview

  • Revenue in India rose about 13% in the 12 months through March to nearly $9 billion, according to reports citing a person familiar with the figures.
  • Apple’s iPhones generated the majority of sales, while demand for MacBooks also increased.
  • Two new stores opened this week in Bengaluru and Pune, with additional outlets planned for Noida and Mumbai.
  • To counter high prices, Apple is offering student discounts, trade‑ins and bank card rebates; the iPhone 16 starts at ₹79,900 in India versus $799 in the U.S.
  • Apple is continuing to expand production in India alongside its retail push, reinforcing the country’s role in its growth strategy.