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Apple India Revenue Crosses ₹1 Lakh Crore Milestone in FY26

Apple remains the company with the largest holdings of Berkshire Hathaway which is valued at $55,950.3 million. The holdings have remained unchanged from the previous quarter. The shares of Apple have gained 12.89% in the year-to-date period.

CNBC TV18•20-10-2026, 17:59

•Apple India Pvt Ltd reported a 31% year-on-year revenue increase to ₹1,03,853 crore for FY26, more than doubling from FY23.
•Net profit surged by 66% to reach ₹5,311 crore in FY26, with the net profit margin improving to 5.1%.
•iPhone shipments in India grew by 24% to reach 14 million units in FY26, helping Apple enter the top five smartphone brands in the January-March quarter.
•Apple significantly narrowed its annual revenue gap with Samsung India to just ₹7,330 crore in FY26.
•The company expanded its physical retail presence by opening its sixth official store in India located in Mumbai's Borivali in February 2026.

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Key Questions Answered

Apple India's revenue from operations exceeded ₹1 lakh crore for the first time in FY26, reaching ₹1,03,853 crore, which represents a 31% increase year on year. Meanwhile, net profit surged 66% to ₹5,311 crore compared to the previous financial year.

Apple India significantly narrowed its annual revenue gap with Samsung India to ₹7,330 crore in FY26, down from ₹30,805 crore the previous year. Samsung India reported revenue of ₹1,11,183 crore with a 1.2% increase, while its net profit declined by 36% to ₹7,228 crore.

Apple shipped an estimated 14 million iPhones in India in FY26, marking a 24% volume growth from the previous year. This surge in iPhone shipments drove strong performance despite a broader slowdown in India's overall smartphone market.