**Apple Reports Record Revenue in India Amid Trade Tariff Challenges**
Apple Inc. has announced its 13th consecutive quarter of record revenue from India, while also forecasting a nearly $3 billion impact from trade tariffs imposed by former US President Donald Trump this year. The company, which operates on a fiscal year running from October to September, reported global quarterly revenue of $94.2 billion for the three months ending June 30, surpassing Bloomberg’s estimates of $89.2 billion. This growth was fueled by unexpectedly high sales in China and robust global demand for the iPhone.
During the presentation of the June quarter results, CEO Tim Cook highlighted that Apple experienced iPhone growth across all geographic segments, with double-digit growth in emerging markets, including India. Data from market researchers supports this assertion, as Counterpoint India reported that Apple’s iPhone 16 was the best-selling smartphone in India during the June quarter, helping the company lead the Indian smartphone market in revenue.
Navkendar Singh, associate vice-president of IDC India, noted that Apple is on track to sell nearly 15 million iPhones in India by 2025, potentially positioning the brand among the top five smartphone sellers in the country. Singh estimated that Apple sold between 2.5 to 3 million iPhones in India during the June quarter, generating over $2 billion in revenue, which accounts for approximately 4.5% of its global iPhone revenue. This quarter marked Apple’s best global performance in four years in terms of year-on-year growth, with India now ranking among its top four markets, following the US, China, and Japan. Looking ahead, Cook mentioned plans to open new stores in the UAE and India later this year.
However, this success comes with challenges. The recent quarter marked the second consecutive period in which Apple reported a direct impact on its operational costs due to Trump’s tariffs. Cook stated that the company incurred approximately $800 million in tariff-related costs for the June quarter. For the September quarter, assuming no changes in global tariff rates or the introduction of new tariffs, Apple estimates an additional $1.1 billion impact on its costs. In the previous March quarter, tariffs had already added $900 million to Apple’s expenses. Since Trump took office, Apple has projected a total increase of $2.7 billion in its operational costs, largely due to its reliance on manufacturing in countries like China and India.
As Apple navigates these challenges, the company remains optimistic about its growth trajectory in India and its ability to adapt to the evolving global trade landscape.
**FAQ**
**Q: How has Apple’s revenue from India changed recently?**
A: Apple has reported record revenue from India for 13 consecutive quarters, driven by strong iPhone sales and market demand.