Apple's India Revenues On Track To Surpass $10 Billion

New Delhi: Apple revenues in India are likely to grow 18 per cent (year-on-year) in 2024 and the new iPhone 16 series would help the company further solidify its presence in the country, along with boosting its exports figures, industry analysts said on Tuesday.

The tech giant has introduced iPhone 16 series with Apple Intelligence, larger display sizes, camera control, innovative pro-camera features and a big leap in battery life. The Pro version is cheaper than last year and this will further help the company in the India market, said experts.

“Apple has 6 per cent share by volume and 16 per cent by value in India. The double-digit growth will continue, with revenues expected to cross the $10 billion mark in 2025 in the country,” Counterpoint Research Director Tarun Pathak.

With the iPhone 16 series, available in India from September 20 with attractive financing options, the analysts expect a healthy mix of upgrades this year for Apple in the country.

However, the bulk of the iPhone growth in India will still come from first-time iPhone users. Apple continues to enjoy the strong pull and lately expanding its channel presence in the country that helped the brand to grow.