Apple commits to 'invest across the board' in India, eyes retail push beyond metros
CFO Kevan Parekh flags multi-year India bet as iPhone revenue hits $57B globally on 22% YoY growth. Six Apple stores now live, with App Store billings at ₹44,500 crore. Next wave targets tier-2/3 cities beyond Mumbai, Delhi, Bengaluru, Pune, Noida and Chennai.
Apple CFO Kevan Parekh signals continued investment in India, expanding retail beyond tier-1/2 cities. Six Apple stores now operational, with iPhone 16 leading shipments three quarters running and double-digit India growth driving global iPhone revenue.
Why this matters
Signals Apple's deepening India bet, following wellness feature rollouts (Watch sleep apnea, AirPods hearing test) and NavIC compliance in iPhone 15, even as China's Decrees 834/835 pressure its supply chain shift.
Store-opening activity steady at 114 signals in the last 90 days.