The study was undertaken with the aim to work out the economics of apple cultivation in Himachal Pradesh. The blocks namely Rohru, Chopal, Nankhari and Anni from Shimla and Kullu districts were selected randomly and a sample of 144 units were chosen from the selected areas. Analysis of the results indicated that on an average, initial cost per hundred plants was ` 48097 and establishment cost ranged between ` 41323 and ` 64,530 for 2 to 6 years plants. Maintenance cost per hundred fruit-bearing plants was observed to be ` 106109 between 12 to 16 years in the high hills during the year 2019-2020. The net revenue calculated as ` 1.73 lakh and output-input ratio implied that each rupee spent would yield a profit of ` 1.63 in the study area.