New Delhi, June 3 -- iPhone-maker Apple has agreed to provide financial information related to its India operations to the Competition Commission of India (CCI), marking a significant step forward in a long-running investigation that concluded the US technology giant had abused its dominant position in the market. The move brings the case closer to a decision on potential penalties.

The matter represents one of Apple's most prominent regulatory challenges in India, a strategically important market where the company has significantly expanded iPhone manufacturing as part of its efforts to reduce dependence on China.

According to data from Counterpoint Research, Apple's iPhone now commands around 9% of India's smartphone market, up sharpl...