Demand for iPhone is increasing rapidly in India. India will soon become the third largest iPhone market in the world after America and China. Not only this, India is also setting new flags in the matter of iPhone manufacturing. This year, India has broken many big records in terms of iPhone exports. India will also become the second largest manufacturing hub for Apple after China. According to market reports, iPhone sales in India may increase to 15 million units.
Third largest market by 2026
The rapidly increasing sales of iPhone in India is also due to the decreasing market share in China. After the ban on Chinese brand Huawei, Huawei phones stopped being sold in many countries around the world. Due to the revival of Chinese brands, the demand for iPhone is decreasing in the Chinese market. According to a new report by Counterpoint Research, India could become the third largest market in terms of iPhone shipments by 2026.
What is the situation at this time?
India is currently the fifth largest market in the world in terms of iPhone sales. In recent times, the demand for iPhone has increased rapidly in India. America ranks first in terms of iPhone shipments. After this comes China, then Japan and UK. The way the demand for iPhone has increased in India, it is expected that its demand will increase by 20 percent by 2026.
Many SAIL records to be broken in 2024
According to market research, the main reasons for the increase in iPhone sales and revenue in India are the discounts given on phones during the festive season, increasing inclination of users towards premium products and increasing financing options. This is the reason why people are able to afford flagship phones like iPhone. Apple has shipped 8.5 million units of iPhones to India in the third quarter of 2024, which is more than the total shipments of 2023. Another 4 million units are likely to be added in the last quarter of the year. In this way, a total of 12.5 million units of iPhone can be sold in India this year, which will be an all-time high.
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