Apple commits to 'invest across the board' in India, eyes retail push beyond metros
CFO Kevan Parekh flags multi-year India bet as iPhone revenue hits $57B globally on 22% YoY growth. Six Apple stores now live, with App Store billings at ₹44,500 crore. Next wave targets tier-2/3 cities beyond Mumbai, Delhi, Bengaluru, Pune, Noida and Chennai.
What happened
Apple CFO Kevan Parekh signals continued investment in India, expanding retail beyond tier-1/2 cities. Six Apple stores now operational, with iPhone 16 leading
Key facts
- 6 stores
- $57 billion iPhone revenue
- 22% YoY growth
- ₹44,500 crore App Store billings
- $5.3 billion
- 2% market decline Q1 2026
Why this matters
Apple's beyond-metro retail expansion opens partnership and acquisition windows in tier-2/3 distribution, service networks, and last-mile logistics ahead of a 5-year buildout.