Download the app
← Latest news

Apple posts double digit India growth as global smartphone demand slumps under pressure

Business
Published on 2 May 2026
Apple posts double digit India growth as global smartphone demand slumps under pressure

Tim Cook credits aspirational iPhone pull

Apple CEO Tim Cook said the company is seeing strong double digit growth in India for iPhones, iPads and Macs, even as the broader Indian smartphone market declines. He pointed to Apple’s growing aspirational appeal that is drawing new users into its ecosystem. Apple is also working through higher memory chip costs while maintaining momentum in one of its key growth regions.

  • Apple reports strong double digit growth in India
  • Performance holds up despite smartphone market downturn
  • Cook cites growing aspirational pull into Apple’s ecosystem
  • Higher memory chip costs add pressure behind the scenes
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.