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2 clusters · 11 sources · 8 days · First seen · Last updated

Apple and iPhone manufacturing in India

Overview

Apple India reported a significant financial surge for the fiscal year ending March 2026, with revenue reaching Rs 1,03,853 crore, a 31 per cent increase from the previous year. This growth, which included a 66 per cent rise in net profit, was driven by increased demand for premium smartphones and a 24 per cent rise in iPhone sales volumes.

Concurrently, Tata Electronics, a major domestic iPhone contract manufacturer, saw its export revenues approach Rs 1 trillion for the same fiscal year, marking a 29 per cent increase. Key export markets included Taiwan, the United States, and Ireland. However, Tata Electronics reported widening losses, increasing to Rs 1,611 crore in FY26, due to high foreign exchange outgo totaling Rs 1.29 trillion, signaling a continued reliance on imported components for Indian iPhone manufacturing.

Entities

Wistron · Samsung Electronics India · Counterpoint Research · Tata Group · India

Timeline

  1. [BUSINESS] 5 sources
    Tata Electronics exports approach Rs 1 trillion in FY26

    Tata Electronics reported FY26 exports of nearly Rs 1 trillion, a 29% increase driven by Apple's India push, though losses widened to Rs 1,611 crore due to high component import costs.

  2. [BUSINESS] 6 sources
    Apple India revenue exceeds Rs 1 lakh crore in FY26

    Apple India's FY26 revenue surpassed Rs 1 lakh crore, marking a 31% year-on-year increase, while net profits surged 66% driven by rising demand for premium iPhones.

Sources

ad-hoc-news.de · econoTimes.com · electronicsb2b.com · inc42.com · indianinfrastructure.com · indusbusinessjournal.com · news9live.com · solarquarter.com · sputniknews.in · tennews.in · wcupa.edu