Apple's iPhone exports from India surged 90%, reaching $1.1bn in April, indicating rapid expansion in manufacturing.
Apple's iPhone exports from India surged nearly 90% in April, reaching $1.1bn compared to $580m in the previous year. Experts predict India will become Apple's second-largest iPhone manufacturing hub after China, with exports potentially reaching the Rs 1 lakh crore ($13.6bn) mark in FY25. Currently, 14-15% of Apple's production is in India, with estimates suggesting this could rise to 26% by 2026.
May 13, 2024
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