Tag: PLI scheme India

Highlights In its quarterly results, Apple disclosed that its revenue reached $111.2 billion and profits were close to $29.6 billion. iPhone emerged as India’s single-largest branded export, hitting a record high of Rs. 2 trillion. The record-breaking results can be attributed to strong iPhone sales, rising service demand, and Apple’s continued expansion in Asia-Pacific markets. Apple has posted record-breaking results in the second quarter of 2026. Apple’s Q2 2026 results show strong growth, with revenue reaching $111.2 billion, up 17% Y-O-Y. Meanwhile, the profits were close to $29.6 billion. Apart from this, iPhone exports also touched new heights, reaching Rs. 2 trillion. Apple's 2026 earnings report highlights global momentum and India’s increasing role in its supply chain. Interestingly, these results have come in the final year of India’s Production-Lined Incentive (PLI) scheme. Record Revenue and Profit Surge Apple's quarterly results beat expectations, highlighting strong global demand and efficient operations. While announcing the quarterly results, Tim Cook, CEO, Apple, said: “Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment.” “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world,” he added. These results exceed expectations, as Apple itself had said it expected Q2 2026 revenue to grow between 13-16% Y-O-Y. Apple's Q2 2026 Results (Pic Credit: @Predictivemoney on X) India’s PLI Scheme Powers Export Boom India’s growing role in Apple’s global supply chain is a key highlight of Apple’s Q2 2026 results. In the last year of the smartphone PLI scheme, iPhone exports from India reached Rs. 2 trillion. This reflects a significant increase in local manufacturing. It also shows Apple’s move to diversify production beyond China and leverage India’s policies and manufacturing base. iPhone and Services Lead Growth Apple’s revenue in Q2 2026 was driven by iPhone sales, complemented by frequent upgrades and growing demand in emerging markets. Various services, such as the App Store, iCloud, and subscriptions, also saw strong double-digit growth. Apart from this, Mac and iPad sales remained steady, boosted by new products and more business customers. Strong Performance Across Global Markets Apple’s Q2 2026 earnings highlight its growth in all major regions, led by Asia-Pacific. Most importantly, India played a huge role, helped by more retail stores, local strategies, and higher demand for premium devices. Apple has recorded growth in all major regions (Pic Credit: @WOLF_Financial on X) Strategic Shift Toward Supply Chain Resilience These results also reflect that Apple’s efforts to diversify its supply chain are starting to pay off. Expansion of manufacturing footprints in India, supported by government incentives, is part of a broader plan to reduce risks and keep the business stable over time. Outlook: Sustained Growth on the Horizon As Apple’s revenue in the second quarter of 2026 reached $111.2 billion, it is well-positioned to grow further. The Cupertino-based tech giant is focusing on innovation, expanding services, and entering new markets to grow in the future. This quarter shows Apple’s strong finances and signals a broader shift in its global operations, with India becoming a key driver of its growth. FAQs Q 1. What do the Apple Q2 2026 results show? Apple Q2 2026 results show strong growth, with revenue reaching $111.2 billion and profits around $29.6 billion. Q 2. How did India contribute to Apple’s performance? India played a key role, with iPhone exports crossing Rs. 2 trillion under the PLI scheme. Q 3. What drove Apple’s revenue growth in this quarter? Growth was mainly driven by strong iPhone sales and expanding services revenue. Also Read – https://www.mymobileindia.com/apple-reaches-4-trillion-valuation-as-iphone-17-sales-break-record/ https://www.mymobileindia.com/apple-q3-2025-earnings-94-04b-revenue-3-billion-iphones-sold-tim-cook-on-rising-tariff-and-ai-investments/

Tag: PLI scheme India

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