Apple India Crosses $10 Billion Annual Sales Milestone
Apple has crossed the $10 billion annual sales milestone in India, marking a major achievement for the company as it continues to expand its manufacturing and retail operations in the country.
The milestone highlights India’s growing importance for Apple, both as a consumer market and as a major manufacturing and export base for the iPhone.
Apple’s expansion in India has been supported by rising demand for its products, increased local iPhone production and the opening of more company-owned retail stores.
Apple’s India Sales Cross $10 Billion
Apple’s annual sales in India have now crossed the $10 billion mark, putting the company’s Indian business on a much larger scale than it was just a few years ago.
The milestone follows a period of strong growth in the country’s premium smartphone market, where Apple has continued to strengthen its position.
Apple’s India revenue had already reached more than $8 billion in FY24, according to earlier reports, after recording around 35% year-on-year growth.
The latest milestone shows how rapidly the company’s business in India has expanded since then.
iPhone Manufacturing Gives Apple a Major Boost
One of the biggest factors behind Apple’s growing India presence has been the expansion of iPhone manufacturing.
Apple and its manufacturing partners have significantly increased production capacity in the country under India’s Production Linked Incentive (PLI) scheme.
According to industry data, Apple and its vendors exceeded their production, export and employment targets under the five-year smartphone PLI programme. Cumulative production was estimated at around $70 billion during FY21-FY26.
India has consequently become an increasingly important part of Apple’s global supply chain.
India Becomes a Major iPhone Manufacturing Hub
The expansion of manufacturing has transformed India’s role in Apple’s global operations.
A significant share of iPhones assembled in India is exported to international markets, particularly the United States.
Recent industry estimates indicate that India accounted for roughly one in every four iPhones assembled globally, highlighting the scale of Apple’s manufacturing shift toward the country.
This manufacturing ecosystem has also helped strengthen India’s position in global electronics production.
Apple’s Retail Expansion in India
Apple’s growing sales have also been supported by the expansion of its company-owned retail network.
The company opened its first physical stores in India in 2023 with Apple BKC in Mumbai and Apple Saket in Delhi.
Since then, Apple has expanded to locations including Bengaluru, Pune and Noida. In February 2026, the company opened Apple Borivali, its sixth store in India.
The expansion gives customers more opportunities to experience Apple’s products directly and access services such as trade-ins, financing, technical support and personalised setup.
Why India Is Becoming Important for Apple
India represents a unique opportunity for Apple because of its combination of a large consumer market and expanding manufacturing ecosystem.
The country’s growing middle class, rising disposable incomes and increasing demand for premium smartphones provide Apple with a significant customer base.
At the same time, India’s manufacturing capabilities allow Apple to diversify its supply chain beyond China.
This combination makes India strategically important to Apple’s long-term global plans.
PLI Scheme Supports Apple’s Manufacturing Push
The government’s Production Linked Incentive (PLI) scheme has played an important role in India’s smartphone manufacturing expansion.
Apple has been one of the biggest beneficiaries of the programme through its manufacturing partners.
Between FY23 and FY25, Apple’s three iPhone assemblers received a substantial share of the incentives distributed under the smartphone PLI scheme.
The programme has encouraged companies to increase production and develop larger electronics manufacturing ecosystems in India.
Apple’s India Growth Goes Beyond iPhones
Although the iPhone remains Apple’s biggest driver in the Indian market, the company is also building a broader ecosystem around its products and services.
Its physical stores provide customers with access to the wider Apple product portfolio, including Macs, iPads, Apple Watch and services.
Apple’s retail expansion also allows the company to establish a more direct relationship with Indian consumers.
This could become increasingly important as the premium electronics market continues to grow.
India Is Also Becoming an Export Base
Apple’s India strategy is not limited to selling products within the country.
The company has rapidly increased the number of iPhones manufactured in India for export.
Industry estimates showed that India’s smartphone exports reached $13.4 billion in the first six months of FY26, with the PLI scheme and Apple’s manufacturing expansion among the major drivers.
This means India’s role in Apple’s business increasingly extends from a consumer market to a major production and export hub.
What Does the $10 Billion Milestone Mean?
Crossing $10 billion in annual sales is an important indicator of Apple’s growing commercial presence in India.
It shows that the company is increasingly able to combine strong domestic demand with a broader ecosystem of retail, manufacturing and supply-chain operations.
For India, Apple’s expansion also supports the country’s ambition to become a major global electronics manufacturing hub.
The growth of Apple’s manufacturing partners can contribute to investment, exports, employment and the development of local supply chains.
What Happens Next?
Apple is expected to continue expanding its presence in India through both manufacturing and retail.
The company has already demonstrated a long-term commitment to increasing production capacity in the country, while its retail network continues to grow.
As Apple’s manufacturing ecosystem becomes larger and the premium smartphone market expands, India could play an even more important role in the company’s global strategy.
Final Thoughts
Apple crossing the $10 billion annual sales mark in India is a major milestone for the company and a sign of the country’s growing importance to its global business.
The achievement has been supported by strong iPhone demand, expanding local manufacturing under the PLI scheme and Apple’s growing network of exclusive retail stores.
India is no longer simply an emerging market for Apple. It has become an increasingly important consumer, manufacturing and export hub.
With further retail expansion and rising iPhone production, Apple’s India business could become an even more significant part of its global growth strategy.
Frequently Asked Questions
Has Apple India crossed $10 billion in annual sales?
Yes. Apple has crossed the $10 billion annual sales milestone in India, marking a new high for the company’s business in the country.
What is driving Apple’s growth in India?
Key factors include strong iPhone demand, local manufacturing, the PLI scheme and Apple’s expanding retail network.
How important is India to Apple’s iPhone manufacturing?
India has become a major iPhone manufacturing hub. Recent estimates indicate that roughly one in four iPhones assembled globally is now produced in India.
How many Apple retail stores are there in India?
Apple’s retail network reached six stores in India after the opening of Apple Borivali in Mumbai in February 2026.
What is the PLI scheme?
The Production Linked Incentive scheme is a government programme designed to encourage companies to increase domestic manufacturing and investment in India.
Is Apple manufacturing iPhones in India for export?
Yes. A significant portion of iPhones manufactured in India is exported to international markets, making India an important part of Apple’s global supply chain.
Why is Apple expanding its retail stores in India?
The stores allow Apple to reach customers directly, provide personalised product support and offer services such as trade-ins, financing and technical assistance.
