Apple’s FY26 Snapshot, Flipkart’s Foodtech Foray & More
Apple's India operations achieved significant milestones in FY26, with net profit reaching ₹5,311 Cr and operating revenue at ₹1.04 Lakh Cr. The company diversified beyond iPhone sales into services like AppleCare and expanded production, with iPhone exports exceeding ₹2 Lakh Cr. Rising costs including licensing fees (₹10,374 Cr), inventory purchases, and employee expenses accompanied the growth.
Key points
- Net profit surged 66% YoY to ₹5,311 Cr
- iPhone exports crossed ₹2 Lakh Cr
- Licensing fees doubled to ₹10,374 Cr
- Services and diversification drive growth beyond phones
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