Apple iPhone growth in India set to slow

Apple's iPhone sales growth in India is expected to slow as the premium smartphone market matures. Sales grew tenfold from 1.5 million units in 2019 to 15 million in 2025, per IDC India. Analysts project 16 million units in 2026, roughly 7% growth. Despite the slowdown, a Kotak Mutual Fund report projects Apple's India revenue hit an all-time high of ₹1.42 trillion in FY26.