iPhone 16: The demand for iPhone is continuously increasing in India. India may soon become the world's third largest iPhone market after America and China. Along with this, India is also progressing rapidly in the field of iPhone production. India has made many important records in iPhone exports this year. India is moving towards becoming Apple's second largest manufacturing center after China. According to reports, iPhone sales in India are estimated to reach 15 million units in 2024.
India's new destination by 2026
One reason for the rapidly increasing demand for iPhone in India is the declining market share in China. Due to the restrictions imposed on Huawei, competition in the Chinese market is changing, giving Apple an advantage. According to a new report by Counterpoint Research, India could become the world's third largest market in terms of iPhone shipments by 2026.
current situation
Currently, India is the fifth largest market in the world in terms of iPhone sales. America is in first place, followed by China, Japan and Britain. But the demand for iPhone in India is increasing rapidly and is expected to increase by another 20% by 2026.
Record sales in 2024
The festive season and better financing options are expected to boost iPhone sales in India in 2024. Apple shipped 8.5 million units in the third quarter of 2024, exceeding last year's total shipments. Another 4 million units are expected to be shipped in the last quarter of the year. Thus, total iPhone sales could reach 12.5 million units in 2024, which would be the largest figure ever.
conclusion
India is reaching new heights not only in iPhone sales but also in manufacturing and exports. India is not only an emerging market for Apple but is also becoming an important part of its global strategy.
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