Apple has announced a historic milestone, reporting its highest-ever revenue in India, primarily driven by unprecedented demand for the iPhone 17 series. As noted, the company’s revenue in India in FY21 exceeded $9 billion, making India one of Apple’s key markets in Apple’s global revenue strategy.
Details of Apple’s Record Revenue in India
Revenue Growth
Having doubled in the 12 months ending March 2024, Apple’s revenue in India increased by about 13% year over year. In the last fiscal year, it rose to more than $9 billion. The trends signal that Apple’s flagship products are becoming increasingly popular among consumers, with the particularly insistent iPhone 17, recently entering the market, contributing significantly.
Market Dynamics
India plays a vital role in manufacturing Apple products. Currently, 20% of all iPhones are produced in the country, and all four planned iPhone 17 models are expected to be manufactured in India. The development of Apple retail in India played an equally significant role, expanding into cities such as Bengaluru and Pune.
Market Share and Consumer Demand
According to Counterpoint Research data, Apple’s iPhones account for 7% of the Indian market, alongside strong sales of premium devices such as MacBooks. Factors putting pressure on Indian growth include increased demand for high-quality iPhones and production incentives for the US company under the “Make in India” campaign.
Global Context
Apple’s sales in other major regions have plateaued, including China, making the performance of its Indian operations even more impressive, especially given that it is one of the few regions where sales are not declining. Its revenue from China in the June 2025 quarter increased by only 4.4%, well below Apple’s growth in India, making it one of the company’s strategic markets for the future.
Summary
Apple’s wages in India reached an all-time high due to the iPhone 17’s market success and the establishment of its retail and manufacturing footprint. India has become a significant part of Apple’s global ecosystem and, along with China, is expected to be one of its most critical markets.