Apple has reported another record June-quarter revenue in India, with strong demand for its products helping the company achieve record revenue across every geographic segment despite supply chain challenges and foreign exchange headwinds.
The company reported $109.4 billion in quarterly revenue, up 16% year over year. Gross margin reached 50.1%, including a favourable impact of around 2 percentage points from tariff refunds. Diluted earnings per share rose to $2.02, up 29% year over year, including a $0.11 benefit from tariff refunds.
Tim Cook, CEO of Apple, said: “We achieved June quarter revenue records in every geographic segment. We were pleased to see strength across the board with June quarter records in the U.S., Latin America, Western Europe, India, China Mainland, Japan, and Southeast Asia.”
Globally, Mac revenue reached $10.4 billion, up 29% year over year, setting a new June-quarter record. The growth was driven by strong demand for MacBook Neo and MacBook Pro.
In India, Apple recorded another revenue milestone, with Mac emerging as the strongest-performing category. Growth was supported by increasing adoption of MacBook Neo and continued strong demand for the iPhone 17 series, even as iPhone supply remained constrained in the country.
Kevan Parekh, CFO, Apple, said: “As Tim mentioned, Mac had its best quarter ever for customers new to the Mac and for upgraders worldwide, including in the U.S., China Mainland, and India.”
Industry experts said Apple has largely maintained stable pricing despite rising memory costs. They expect single-digit volume growth and double-digit value growth in India during CY 2026, with a possible iPhone price increase. However, Apple’s strong brand appeal is expected to continue attracting new customers across its ecosystem.
Experts also noted that while rising component costs are increasing prices across the Android market, Apple is expected to outperform the industry due to its large installed user base and the positive early response to Siri AI.
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