Apple entered the top five highest-shipping smartphone vendors in India, as the overall market recorded a 5% shipment increase in 2024, despite ending Q4 with a decline.
According to analyst firm Canalys, the Southeast Asian smartphone market declined in Q1 2025, marking the end of five consecutive quarters of growth due to economic headwinds.
Apple airlifted US$2 billion worth of iPhones from India to the United States last month, in a strategic move to shield against the impact of rising US import tariffs.