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Apple seeks change in tax law amid expansion push
Financial Express Chandigarh
|October 16, 2025
APPLE IS LOBBYING the government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say.
The push coincides with Apple’s growing India presence as it diversifies beyond China. Counterpoint Research says iPhone’s share in the Indian market has doubled to 8% since 2022. And while China still accounts for 75% of global iPhone shipments, India’s share has quadrupled to 25% since 2022.
This story is from the October 16, 2025 edition of Financial Express Chandigarh.
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