India surges to fourth largest iPhone market globally, yet imposes a $38 billion penalty on Apple first
# India has become the world’s fourth-largest iPhone market, but it also received a fine of $38 billion from Apple ## Key Event In Q2 2026, India officially became the world’s fourth-largest iPhone market, with shipments reaching 3.45 million units, accounting for 6.25% of Apple’s total global shipments. However, as India’s market position rose rapidly, Apple faced possible antitrust fines worth up to $38 billion in India. ## Data Comparison | Market | iPhone Shipments in Q2 2026 | Global Share | |--------|--------------------------|-------------| | United States | 17.61 million units | 31.9% | | China | 12.43 million units | 22.6% | | Japan | 4.5 million units | 8.16% | | **India** | **3.45 million units** | **6.25%** | Despite being one of the two largest core markets in the world…