India breaks into Apple's top five iPhone markets for the first time

India has become Apple's fifth largest iPhone market, surpassing Germany and France, and accounting for almost 4% of all iPhone sales in Q2.

Sales in India grew 50% year-on-year, raising Apple's share in India's smartphone market to 5.1%.

Analysts predict that India could contribute to 15% of Apple's revenue growth over the next five years, forecasting a revenue growth of $40 billion over the next decade.

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