Apple exported $6b worth of India-made iPhones in the last six months

Apple's iPhone exports from India have reportedly jumped by a third in the six months through September. The iPhone maker has reportedly exported $6 billion worth of its smartphones - estimated factory gate value, not even market value. The numbers come from people in the know that have revealed them to Bloomberg. This puts annual exports on track to reach the $10 billion in the fiscal 2024. In a move to reduce its dependence on China amidst escalating tensions, Apple has rapidly expanded its manufacturing infrastructure in India since it began manufacturing iPhones in the country...

Oct 29, 2024 - 16:00
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Apple exported $6b worth of India-made iPhones in the last six months

Apple's iPhone exports from India have reportedly jumped by a third in the six months through September. The iPhone maker has reportedly exported $6 billion worth of its smartphones - estimated factory gate value, not even market value. The numbers come from people in the know that have revealed them to Bloomberg. This puts annual exports on track to reach the $10 billion in the fiscal 2024. In a move to reduce its dependence on China amidst escalating tensions, Apple has rapidly expanded its manufacturing infrastructure in India since it began manufacturing iPhones in the country...

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