Apple's India Share Set to Hit 10% as iPhone 18 Demand Surges 20%
AAPL sits 38% above its 52-week low of $243.42.
Summary
Apple's India volume market share is projected to reach 10% in 2026, up from 4% in 2022, driven by strong demand for the iPhone 18 Pro and Pro Max. Initial channel checks show the iPhone 18 Pro series is seeing nearly 20% higher demand than the iPhone 17 series a year ago, with customers lining up outside stores in Mumbai, Delhi, and Bengaluru. Apple sold 14.4 million iPhones in India in 2025, out of 37.2 million units in the Asia Pacific market excluding China and Japan. This follows Apple's strongest fiscal Q3 ever, with iPhone revenue jumping 22% to $54.3B, and comes despite a Q4 revenue guide that missed consensus. The India growth story adds a positive demand signal to offset concerns about component shortages and memory cost pressures.
At the time of this announcement, AAPL was trading at $336.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9T. The 52-week trading range was $243.42 to $345.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.