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India, in Infographics: Economy

Apple’s India Sales Have Grown Almost Six Times Since 2017-18, Its China Sales By 59%; India Now Brings In $14 For Every $100 From China, Up From $4

Apple India’s Revenue, In Dollars At The RBI’s Average Rate, Against Apple’s Own Greater China Sales, With iPhone Exports From India. Switch Views Or Hover A Year For The Figures Behind It.

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Growth Indexes Apple’s India Sales (In Dollars) And Its Greater China Sales To 100 In 2017-18. India Per $100 Of China Divides One By The Other. Rupees And iPhone Exports Shows Apple India’s Revenue As Filed, Beside iPhones Exported From India. Hover Or Tap A Year For Every Figure Behind It.

India Per $100 From China
$14
2025-26; $4 In 2017-18
Apple India Sales
$11.8 Bn
₹1,03,853 Crore, 2.5% Of Apple
Greater China
$82.4 Bn
Apple Fiscal 2026, Up 28%
iPhone Exports
~₹2 Lakh Cr
April 2025 To February 2026
The Bottom Line
Apple India’s Sales Grew 5.8 Times In Dollars Between 2017-18 And 2025-26, To $11.8 Billion, While Apple’s Greater China Sales Grew 59% To $82.4 Billion. India Is Still Small, 2.5% Of Apple’s Worldwide Sales, And iPhones Made In India For Export Are Worth About Twice What Apple Sells There.
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What The Data Shows

India Grew Almost Six Times
Converted At The RBI’s Average Rate For Each Year, Apple India’s Sales Rose From $2.02 Billion In 2017-18 To $11.8 Billion In 2025-26, 5.8 Times. In Rupees They Rose From ₹13,049 Crore To ₹1,03,853 Crore, 8.0 Times; The Weaker Rupee Takes Some Of The Growth Away In Dollars.
China Rebounded In 2026
Apple’s Greater China Sales Were $51.9 Billion In Fiscal 2018 And $82.4 Billion In Fiscal 2026, Up 59%. They Fell For Three Years To $64.4 Billion In Fiscal 2025, Then Rose 28% In The Year To September 2026.
India Per $100 Of China
For Every $100 Apple Took In Greater China, It Took $3.9 In India In 2017-18 And $14.3 In 2025-26. The Ratio Peaked At $14.5 In 2024-25 And Slipped As China Recovered. India Was 2.5% Of Apple’s Worldwide Sales In 2025-26, Up From 0.8%.
Making Is Bigger Than Selling
iPhones Exported From India Were Worth About ₹2 Lakh Crore In April 2025 To February 2026, About 1.9 Times Apple India’s Sales For The Whole Year, Up From ₹9,352 Crore In 2021-22.

Read With Care

Apple Does Not Report India
Apple’s Filings Put India In Its “Europe” Segment. The India Figure Here Is The Revenue Of Apple India Private Limited, Its Indian Subsidiary, From Filings With The Registrar Of Companies As Reported In The Press.
Different Years
India’s Year Runs April To March; Apple’s Runs October To September. Each Indian Year Is Paired With Apple’s Year Ending Six Months Later, So 2025-26 Is Set Against Apple’s Fiscal 2026. Greater China Includes Hong Kong And Taiwan.
Exports Are A Different Measure
Export Values Come From Vendor Data Submitted To The Government And Commerce Ministry Data, As Reported In The Press; 2024-25 Is The IT Minister’s “About ₹1.5 Lakh Crore” And 2025-26 Covers 11 Months. They Are Not Part Of Apple India’s Revenue.
Two Caveats On The Rupee Series
2019-20’s ₹13,623 Crore Is Reported By Business Standard Only (Total Income ₹13,756 Crore Is Confirmed Twice). 2021-22’s ₹33,381 Crore Is Reported Without Saying Whether It Is Revenue Or Total Income. Early Estimates In August 2026 Put 2025-26 Near ₹1 Lakh Crore; The Filing Showed ₹1,03,853 Crore.

Sources & Method

India
Revenue From Operations Of Apple India Private Limited, 2017-18 To 2025-26, Each Year Confirmed In At Least Two Outlets (Inc42, Entrackr, PTI, IANS, Business Standard, Economic Times, Free Press Journal). Converted At The RBI’s Financial-Year Average Rupee-Dollar Rate (Handbook Of Statistics On Indian Economy, Table 133).
China
Greater China Net Sales From Apple’s 10-K Filings For Fiscal 2018 To 2025 And Its Fiscal 2026 Results (Form 8-K, 2 November 2026); Total Net Sales From The Same Documents.
Exports
Business Standard (29 April 2026, Vendor Data And Commerce Ministry Data), Zee News And Business Today; 2024-25 From Ashwini Vaishnaw (PTI, 9 April 2025).

Data: Apple, Fiscal 2026 Results · Apple 10-K 2025 · RBI Handbook, Table 133 · Inc42, Apple India FY26.

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PolityPolicy
by Tushar Gupta · No Rhetoric, Just Data
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© 2026 PolityPolicy · by Tushar Gupta · Graphic free to share and reproduce with credit to politypolicy.com. Underlying data belongs to its original compilers.