Apple sets Q1 record in India iPhone shipments, offsetting weak China performance

Apple’s A18-powered iPhone 16
Apple achieved a record-breaking Q1 in India, shipping over 3 million iPhones, up 36% from last year, per IDC data. This growth offset a 9% shipment drop in China, Apple’s biggest market.
Nauman Khan for GuruFocus:
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India’s growth was underpinned by affordability measures, including zero-interest installment plans and online retailer discounts. More than half the shipments were driven by the iPhone 16e, part of the latest product lineup that caters to cost-sensitive users.
Despite overall weakness in India’s smartphone market, Apple outpaced rivals and rose to fourth in market share. It has also ramped up exports from India to the U.S., moving 600 tons of iPhones via air cargo to key cities including Los Angeles and New York, a shift aimed at dodging high tariffs on Chinese goods.

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MacDailyNews Take: Apple’s shipments of over 3 million iPhones in India in Q125 are up from 2.21 million in Q124, represents Apple’s best-ever Q1 performance in the country.

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