Apple's iPhone 17 Drives Record 28% Value Growth in India's Premium Smartphone Market

Apple has achieved significant growth in India during Q3 2025, reaching a 28% value share and entering the top five smartphone brands by volume with a 9% market share, making India its third-largest iPhone market globally. This success is fueled by strong demand for the iPhone 15, 16, and notably the newly launched iPhone 17 series, which has outperformed its predecessors. India's overall smartphone market grew 5% in volume and 18% in value, driven by premium device demand and festive season sales, with Apple expanding its retail presence and manufacturing scale in the country. Globally, Apple reported record-breaking financial results for the September quarter, with $102.5 billion in revenue, an 8% year-over-year increase, and a market capitalization surpassing $4 trillion. The company forecasts 10-12% revenue growth for the December quarter, supported by robust sales of the iPhone 17 series and a record performance in its high-margin Services division. CEO Tim Cook emphasized Apple's continued expansion in India and confidence in the holiday quarter, highlighting the company's strategic focus on premiumization and customer retention through upgrades.