Apple's India revenue passed $10 billion for the first time in the 12 months to March 2026, according to a Bloomberg report. The record came as India's smartphone shipments fell 4.1 per cent to a six-year low. Apple holds about 28 per cent of market value on about 9 per cent of units.

For years, Apple's quarterly earnings followed a familiar script in India. Tim Cook would mention "strong growth", analysts would point to iPhone sales, and the conversation would…

Apple is poised for its first annual drop in iPhone shipments in India, driven by supply shortages and affordability challenges despite strong consumer demand.