Apple tops $10B in India sales as its official store network reaches six
Apple’s annual India sales exceeded $10 billion in the 12 months through March, up from about $9 billion previously. A new Mumbai opening took its official store count to six, alongside an expanding online, reseller, financing and trade-in push.
What happened
Apple’s India sales exceeded $10 billion for the first time, driven mainly by iPhones. The company opened its sixth official Indian store in Mumbai, is adding
Key facts
- Annual India sales exceeded $10 billion in the 12 months through March
- Previous annual India sales were about $9 billion
- India official store count reached six after a Mumbai opening in February
- Apple launched its India online store in 2020
- First two India stores opened in 2023
- Entry-level iPhone 17 price: ₹82,900 ($870) in India versus $799 in the US
- Rupee has fallen about 10% against the US dollar since the start of last year
- Five India factories produce iPhones
- One in four iPhones is made in India
Why this matters
Apple’s India momentum raises the strategic value of local retail, distribution, payments, trade-in and supply-chain partnerships that can deepen its ecosystem advantage in the market.
What to watch
- New Apple Store lease filings, job postings or construction activity in Bengaluru, Hyderabad, Pune, Chennai and Delhi NCR.
- India-specific iPhone financing, trade-in or student-discount campaigns.
- Quarterly disclosures or supplier reports indicating higher India-made iPhone volumes.
- Changes in iPhone share within India’s premium smartphone segment and average selling prices.
- Store-count growth relative to sales growth, indicating whether direct retail is expanding faster than demand.
- Open additional stores in high-income metros and premium mall locations, with Bengaluru, Hyderabad, Pune and Chennai among likely targets.
- Expand Apple-owned online-to-offline services, including store pickup, repairs, trade-ins and personalized setup.
- Increase bank, carrier and fintech partnerships for installment plans, cashback and upgrade programs.
- Use stores to support locally assembled product launches and strengthen enterprise and education sales.
- Pressure premium Android brands and authorized resellers through more direct Apple retail presence and better service consistency.