Summary:

Apple is on track to achieve its highest-ever quarterly iPhone shipments in India, with projections reaching three million units in Q1 2025, up from 2.21 million last year. This growth has been driven by affordability measures such as zero-interest installments, cashback incentives, and online discounts, resulting in double-digit growth in the premium smartphone market. Despite a drop in global smartphone shipments due to inflation and low consumer sentiment, Apple’s momentum continues to rise.

The iPhone 16 series, particularly the iPhone 16e, has boosted demand by offering a more affordable option. Shipments of these models have surpassed those of the iPhone 15 and 13. Foxconn exported iPhones worth Rs. 11,213 crore (US$ 1.31 billion) in March, bringing its total exports to Rs. 45,368 crore (US$ 5.3 billion) by 2025. Apple plans to open four new stores in India, further expanding its presence.

Source: IBEF

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