Economy
Apple Faces First Annual Decline in India iPhone Shipments

Apple Faces First Annual Decline in India iPhone Shipments

Moneycontrol2h
THE BRIEF
1

Apple is projected to record its first annual decline in iPhone shipments in India after four years of consistent, record-breaking growth.

2

Data for Q2 2026 indicates a slowdown in demand, with total shipments reaching 14.3 million units, marking a significant shift in the company's performance in the region.

3

Analysts attribute the decline to market saturation and changing consumer spending patterns, ending the multi-year streak of unprecedented expansion for the tech giant.