During Apple's Q2 2026 earnings call, CEO Tim Cook announced that India is one of the company's biggest growth engines, highlighting its position as the second largest smartphone market and third largest PC market globally. Cook noted that despite a modest market share, the rising middle class and influx of first-time Apple buyers present a significant opportunity for growth. Apple's revenue climbed to $111.2 billion, a 17% increase, although iPhone sales fell slightly below estimates at $56.99 billion. In another development, Palo Alto Networks, a US-based cybersecurity firm, has agreed to acquire AI infrastructure startup Portkey to enhance its AI security capabilities. The deal is anticipated to close in fiscal Q4 2026 and will integrate Portkey’s AI gateway technology into Palo Alto's existing systems. Additionally, India's Unified Payments Interface (UPI) reported a slight month-on-month dip in transactions, totaling 22.5 billion in April, although it remains up 25% year-on-year.