Apple’s India growth gets a Mac lift as supply constraints loom
Apple reported strong double-digit India revenue growth in the June quarter, helped by rising Mac demand and stable iPhone pricing. But component shortages could tighten iPhone, Mac and iPad availability in the September quarter, alongside foreign-exchange pressure.
What happened
Apple reported strong double-digit India revenue growth, led by Mac demand, while iPhone shipments to Indian retailers faced component shortages. Stable iPhone
Key facts
- India revenue grew in strong double digits in the June quarter
- Nearly five consecutive years of record June-quarter revenue in India
- Annual iPhone sales in India rose from about 1.5 million units in 2019 to an estimated 15 million units in 2026
- India smartphone market is expected to sell around 130 million devices this year
- FY26 iPhone exports from India reached ₹2 trillion
- FY26 total electronics exports were ₹2.6 trillion
- Tata Electronics reported FY26 revenue of ₹1.31 trillion
- Samsung raised premium-product prices by around 15%
- Apple expects September-quarter total revenue growth of 9%-11% year-on-year
- Foreign exchange is expected to be a 2.5 percentage-point sequential headwind
Why this matters
Apple’s growing Mac traction in India signals a deeper premium-device opportunity, making local supply-chain, retail and ecosystem partnerships increasingly strategic.
What to watch
- September-quarter iPhone, Mac and iPad delivery lead times in India.
- Apple India revenue growth versus unit-volume growth and average selling price trends.
- Changes in iPhone pricing, bank cashback offers, EMI plans and trade-in values.
- Inventory availability at Apple Stores, Apple online and premium reseller chains across metro and non-metro markets.
- Component-supply commentary from Apple and key semiconductor/display suppliers.
- Rupee movement against the US dollar and any India-specific price revisions.
- Premium Android promotional intensity from Samsung, Google and Chinese brands.
- Prioritize scarce iPhone Pro, Mac and iPad inventory for Apple Stores, leading premium resellers and high-velocity metro locations.
- Use financing, trade-ins and bank offers to sustain affordability without broad list-price cuts.
- Steer demand toward in-stock configurations, older iPhone models and locally available Mac variants.
- Increase sell-through visibility and preorder lead-time communication to prevent channel stockouts from becoming lost sales.
- Accelerate India manufacturing and supplier localization initiatives to reduce future allocation risk and FX exposure.
Also reported by
- Mint · Companies — Same time