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- Growth in India was higher than the 18% recorded in the prior fiscal, the report said.
- Net profit climbed 66% year-on-year to ₹5,311 crore in FY26, compared with ₹3,196 crore in FY25, when profit had risen 16%.
- India's overall smartphone shipments fell 26% year-on-year in the third quarter of 2026 to 35.8 million units, the lowest Q3 volume in ten years, according to Omdia figures cited by The Mac Observer.
Selected from this article · 2026-10-20
Read on for the full pictureApple India crosses ₹1 lakh crore in FY26 revenue
Apple India Pvt Ltd's revenue from operations reached ₹1,03,853 crore in the fiscal year ended March 2026, up 31% from ₹79,060 crore in FY25, according to filings with the Registrar of Companies accessed through the business intelligence platform AltInfo and reported by the Economic Times. Growth in India was higher than the 18% recorded in the prior fiscal, the report said.
Net profit rises 66% as Samsung's India mobile revenue slips
Net profit climbed 66% year-on-year to ₹5,311 crore in FY26, compared with ₹3,196 crore in FY25, when profit had risen 16%. Local competitor Samsung posted a 1.4% decline in mobile phone revenues to ₹81,472 crore in the same fiscal, the Economic Times reported.
Broader India smartphone shipments contract in Q3 2026
India's overall smartphone shipments fell 26% year-on-year in the third quarter of 2026 to 35.8 million units, the lowest Q3 volume in ten years, according to Omdia figures cited by The Mac Observer. Apple iPhone sales in India declined about 20% year-on-year that quarter, with the company shipping roughly 3.9 million units and holding the fifth spot overall, the report said. Samsung returned to the number-one position with 6.7 million units shipped, its first lead in over two years, the same report noted.
Apple raises India iPhone prices by up to 41% after September 9 launch
Hours after unveiling its newest models on September 9, Apple raised prices on existing iPhones in India by up to 41%, breaking its prior habit of discounting older models when new ones land, BusinessToday reported. The base iPhone 17, launched at ₹82,900, now starts at ₹99,900, and the 1TB iPhone Air rose 41% to ₹2,24,900; comparable US price increases were 13% and 21%. The report attributed the wider India gap to import duties, an 18% GST, and a global memory crunch that has made smartphone DRAM nearly four times pricier since September 2025.
Samsung repositions as Galaxy shipments rise 2% in Q2 2026
Samsung was the only top-five brand to post positive shipment growth in Q2 2026, up 2% year-on-year, while Apple shipments fell 3% on supply constraints, Counterpoint Research figures cited by BusinessToday showed. Vivo led with 18% share; Samsung trailed by about one point. Premium phones above ₹30,000 made up a record 22% of 2025 shipments, with Apple's shipments up 28% that year and its value share reaching 28%, the report added.
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