Apple Tops India Record in June, but Tariff Cloud Looms

Apple Inc. reported a 13th straight quarter of à record revenue from India, while projecting a nearly $3 billion impact from US President Donald Trump's trade tariffs this calendar year.

- Shouvik Das

The company, which follows an October-to-September fiscal year, reported $94.2 billion in global quarterly revenue for the three months ended 30 June-beating Bloomberg estimates of $89.2 billion-driven by higherthan-expected sales in China and strong demand for its iPhone around the world.

"We... had June quarter revenue records in more than two dozen countries and regions, including the US, Canada, Latin America, Western Europe, the Middle East, India, and South Asia," said chief executive Tim Cook while presenting the results.

Market researchers' data affirm this claim.

According to Counterpoint India, iPhone 16 was the mostsold smartphone during the June quarter, leading Apple to top India's smartphone market in terms of revenue.

Navkendar Singh, associate vice-president of IDC India, added that Apple was on track to sell nearly 15 million iPhones in India in 2025, potentially breaking into the country's top five smartphone-selling brands.

Per Singh's estimate, Apple may have sold 2.5-3 million iPhones in India during the June quarter, generating over $2 billion in revenue from the country roughly 4.5% of its global iPhone revenue.