iPhone Exports From India Double Even Before iPhone 16 Sale Begins
NDTV
Apple aims to manufacture more than 50 million iPhones in India per year, as it aims to shift some of the production out from China.
Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal.According to industry data, this is a growth of over 50 per cent from the same period of first five months in FY24.
With the country set to commence production of the flagship iPhone Pro and Pro Max models, the value of iPhone exports is going to jump further in the festive quarter and months ahead, according to the industry analysts.
The new iPhone 16 series will be available in the country from September 20 at attractive financing options and other offers.
