Apple exported $6b worth of India-made iPhones in the last six months | Infinium-tech
Apple’s iPhone exports from India have reportedly increased by a third in the six months to September. The iPhone maker has reportedly exported $6 billion worth of its smartphones – the estimated factory gate price, not even the market value.
These figures come from informed people who told Bloomberg about them. With this, annual exports are on track to reach $10 billion in financial year 2024.
Apple has rapidly expanded its manufacturing infrastructure in India since it started manufacturing iPhones in the country in 2017, to reduce its dependence on China amid rising tensions. The Bloomberg report cites local subsidies, a skilled workforce and the country’s technological capabilities as catalysts. For development.
iPhones have the highest share in India’s $2.88 billion smartphone exports to the US in the first five months of the financial year. Compare that to $5.2 million before Apple moved some of its manufacturing to India.
Still, India as a market remains dominated by Chinese brands like Xiaomi, Oppo and Vivo, and the iPhone accounts for only 7% of smartphone sales there.
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