Apple agrees to submit India financials in long-pending antitrust case

Apple has agreed to submit the financials of its India business to the country’s antitrust body as part of an investigation that found the U.S. firm abused its market position, taking the long-delayed case a step closer to a potential penalty decision, an agency order shows.

The case is Apple’s most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPhone production as it diversifies beyond China. The iPhone accounts for ‌9% of India’s ⁠smartphone ⁠market, from about 2% five years ago, according to Counterpoint Research data.