Apple posts record June quarter revenue in India, Mac sales hit all-time high

New Delhi: Despite the soaring increase in memory chip prices, Apple continued its record revenue run in India in the June quarter with its Mac computers recording their best ever sales in the country, the company’s top management said on Friday.

Apple chief executive Tim Cook told analysts during the company's earnings call that it posted June quarter revenue records across every geographic segment, particularly in the US, Latin America, Western Europe, India, China and Japan.

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“We also achieved June quarter revenue records in both developed and emerging markets and saw double-digit growth in most emerging markets,” he said.

Mac emerged as the standout performer for the iPhone maker, with global Mac revenue rising 29% year-on-year to $10.4 billion. Apple chief financial officer Kevan Parekh said the company delivered growth across both developed and emerging markets, with strong double-digit gains in Latin America, India and Southeast Asia.

“We continue to attract new customers to the product around the world…Mac had its best quarter ever for customers new to the Mac and for upgraders worldwide, including in the US, China mainland, and India,” said Parekh.

Analysts said iPhone supplies remained constrained in India during the June quarter despite robust demand. Apple has yet to raise iPhone prices in India, unlike the broader smartphone market, where prices have increased 20-70% since last November due to soaring memory chip costs. However, the company sharply increased prices of Mac and iPads in June.

"Apple delivered another record revenue quarter in India, with Mac the standout performer — driven by a strong uptick in MacBook Neo adoption alongside continued robust demand for the iPhone 17 series, even as iPhone supply remained constrained in the country,” said market tracker Counterpoint Research director Tarun Pathak.

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Pathak said Apple has largely maintained stable pricing despite rising memory costs, reflecting its ability to absorb input cost pressures. “We expect single-digit volume but double-digit value growth in India during calendar year 2026 and view an iPhone price hike as highly likely,” he said.

Even if prices are raised, Apple's aspirational appeal is likely to continue drawing new users into its ecosystem in India, Pathak said. “There is a halo effect now visible across adjacent categories, with Mac shining brightest this quarter," he said.

Counterpoint estimates overall smartphone shipments in India declined 10% year-on-year during the April-June quarter due to rising device prices. This has been the biggest June quarter decline since Covid. It said Apple's iPhone shipments fell 3% year-on-year during the period, giving it a 7% market share.

"While consumer demand for the iPhone 17 series remained strong, persistent supply constraints and inventory shortages across online and offline channels limited the brand's shipment growth during the quarter," the research firm had noted.