Apple has set a new annual sales record in India, with its second principal iPhone manufacturing base generating a record $10 billion despite currency and tax challenges.

India serves as Apple’s second base of iPhone production alongside China, forming part of the wider supply chain. While building up production capacity, Apple has also increased sales there.

A Tuesday Bloomberg report says Apple exceeded $10 billion in annual sales in India over the last fiscal year, eclipsing the $9 billion figure reported in September 2025. The 12‑month period running to March shows a double‑digit year‑on‑year increase, with bulk sales for the iPhone and rising demand for iPad and Mac.

Despite the rupee’s 10% decline versus the dollar and local taxes, Apple offers credit rebates, student discounts, and trade‑ins. Production incentives and tax exemptions make the Indian market viable, helping Apple diversify its supply chain away from China.