SynopsisThe case is Apple's most high-profile regulatory headache in India, a key growth ​market where it has rapidly expanded iPhone production as it diversifies beyond China. The iPhone accounts for 9% ​of India's smartphone market, from about 2% five years ago, according to Counterpoint Research data.APApple has agreed to submit the financials of its India ‌business to the country's antitrust body as part of an investigation that found the US firm abused its market position, taking the long-delayed case a step closer to a potential penalty decision, an agency order shows.The case is Apple's most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPhone production as it diversifies beyond China. The iPhone accounts for 9% of India's smartphone market, from about 2% five years ago, according to Counterpoint Research data.A confidential ⁠Competition Commission of India (CCI) order, reviewed by Reuters, showed Apple last month agreed to supply its India financials - typically needed by the watchdog for penalty calculations.Apple's lawyer asked the CCI at a May 21 hearing for a "final extension" until June 25 to file its "India-specific financial information", and "the commission considered the request and granted" it, the order noted.A CCI investigation found in 2024 that Apple had exploited its dominant position in the iPhone apps market.Apple denied wrongdoing and said it would contest the findings. It also refused to supply details of its finances. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now