India, which is the second largest smartphone market and fourth largest PC market in the world, provides a “huge opportunity” for Apple, CEO Tim Cook said. In a post-earnings call, Cook said Apple saw a “terrific” quarter in India in Q1 FY26, posting record revenue through sale of iPhone, Mac and iPad, as well as sale of services. He said that the company saw “strong double-digit revenue” growth in India during the quarter. The tech giant, which opened its fifth store in India in December in Noida, is looking to open another store in Mumbai soon, Cook added. “Despite a very nice growth history, we have a modest share there (India). The majority of customers that are buying iPhones, Mac, iPad, and watch are all new to that product. And so it speaks very well to the opportunity there,” Cook added. Apple CFO and senior vice president Kevan Parekh said that iPhone India revenue hit a record during the month of December. “The iPhone active installed base grew to an all-time high and set a new all-time record for upgraders in aggregate and across many countries, including the US, China Mainland, Japan, and India,” he added. Overall, Apple claimed to… Read MoreInc42 Media
