Apple Inc. has launched its payment service, Apple Pay, in India. The service is available through Axis Bank, allowing credit card customers to make payments using iPhone, Apple Watch, and iPad devices.

This launch complements the company's significant manufacturing footprint in the country. Between April and August, Apple exported $13.2 billion worth of iPhones from India, marking a 47% increase compared to the previous period. This surge highlights the country's growing role as a critical manufacturing hub for the global smartphone leader.

The export volume reached a record high during this five-month window, underscoring the rapid scaling of production facilities within the nation. The data reflects significant momentum in Apple's supply chain diversification strategy, which has shifted more assembly operations to Indian partners.

Financial and operational metrics

The following table summarizes the key export performance figures disclosed:

Payment service expansion

In parallel with its manufacturing success, Apple began offering its payment service in India. This move positions the company to compete directly with established digital payment platforms such as Google Pay and Paytm. The introduction of Apple Pay aims to capture a share of the rapidly expanding digital transactions landscape in the region.

What the Numbers Show

The 47% growth rate against a record absolute value of $13.2 billion indicates that the increase is driven by both higher unit volumes and potentially favorable mix shifts, rather than just price adjustments alone. The simultaneous launch of Apple Pay suggests a broader strategic push to deepen ecosystem integration in the Indian market beyond hardware manufacturing.

Apple Inc. has agreed to a $250,000,000 settlement in a nationwide class action lawsuit alleging false advertising regarding its "Apple Intelligence" features. The preliminary approval was granted by Judge Noël Wise of the U.S. District Court for the Northern District of California on July 17, 2026.

The settlement addresses allegations that Apple marketed the iPhone 16 and certain iPhone 15 models as breakthrough artificial intelligence devices. Plaintiffs claimed the marketing centered on an enhanced AI-powered Siri assistant capable of integrating information across apps, a feature they allege was not delivered as promised.

Eligibility and Claims Process

U.S. consumers and businesses who purchased an eligible iPhone between June 10, 2024, and March 29, 2025, are entitled to submit claims for cash payments. The 90-day Notice Period has officially begun, with notices distributed via email, U.S. mail, news publications, and online media campaigns from September 21 through December 21, 2026.

The deadline to submit a valid claim is December 21, 2026. Class members can access the settlement website at www.smartphoneAIsettlement.com .

Legal Representation

Cotchett, Pitre & McCarthy, Kaplan Fox, and Clarkson were appointed as Class Counsel by the district court. Brian Danitz, a partner at Cotchett, Pitre & McCarthy, described the agreement as one of the largest in a false advertising case, noting it provides relief for the alleged failure to deliver advertised AI features.

What the Numbers Show

The $250 million figure represents a significant financial outlay for Apple without an admission of liability. The company explicitly denies any wrongdoing in agreeing to the settlement. The broad eligibility window covering nearly nine months of iPhone sales (June 10, 2024, to March 29, 2025) suggests a large potential class size, though individual payout amounts depend on the total number of valid claims submitted against the fixed fund.