Apple India has achieved a significant milestone, more than doubling its revenue to over ₹1 lakh crore in just three years, reaching ₹1.02 lakh crore in FY26. This impressive growth highlights the increasing demand for premium products in the Indian market.
₹1.02 Lakh Crore
FY26 Revenue
FY25: ₹80,500 Crore→₹1.02 Lakh Crore
⏳ Time Machine
How today’s news fits into the bigger picture
2017
iPhone Production Begins in India
Wistron, one of Apple's contract manufacturers, began assembling iPhones in India, starting with older models. This marked Apple's initial step into in the country, aiming to reduce import duties and cater to the domestic market.
September 2020
Apple Online Store Launched
Apple launched its first official online store in India, allowing customers direct access to its full product lineup and services. This was a significant strategic move to enhance its direct engagement with Indian consumers.
March 2021
PLI Scheme Boosts Manufacturing
The Indian government's Production-Linked Incentive (PLI) scheme for mobile manufacturing gained traction, encouraging Apple's suppliers like Foxconn and Pegatron to ramp up production in India, aiming to make India a global manufacturing hub for iPhones.
April 2023
First Apple Stores Open
Apple opened its first two flagship retail stores in India, one in Mumbai and another in Delhi. These physical stores offered a premium brand experience and further cemented Apple's direct-to-consumer strategy in the country.
FY23
Revenue Reaches ₹49,900 Crore
Apple India's revenue for Fiscal Year 2023 was approximately ₹49,900 crore, indicating the base from which its revenue more than doubled over the subsequent three years, showcasing accelerated growth.
FY25
Revenue Reaches ₹80,500 Crore
Apple India's revenue for Fiscal Year 2025 was approximately ₹80,500 crore, building on previous growth and setting the stage for the significant jump past the ₹1 lakh crore mark in FY26.
Today
Apple India announced its FY26 revenue crossed ₹1.02 lakh crore, more than doubling in three years.
What happens next?
Apple is expected to further expand its retail presence and manufacturing capabilities in India, with continued focus on its services ecosystem.
Apple India has reported spectacular growth, with its revenue surging to **₹1.02 lakh crore** in Fiscal Year 2026. This marks a significant achievement as the company has more than doubled its revenue in India over the past three years. The rapid expansion is attributed to the growing premiumization trend, increased disposable incomes, and the company's aggressive retail strategy, including the launch of its own physical stores and expanded online presence. India has emerged as a crucial growth market for Apple, contributing substantially to its global sales figures and indicating a strong consumer preference for its ecosystem.
💭 If you're wondering…
FY26 stands for Fiscal Year 2026. In India, a fiscal year typically runs from April 1st to March 31st of the following calendar year. So, FY26 refers to the period from April 1, 2025, to March 31, 2026.
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