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HomeTechnologyApple iPhones made in India are being sold outside the country, record exports in seven months

Apple iPhones made in India are being sold outside the country, record exports in seven months


New Delhi . Apple has created a new record of about Rs 60,000 crore in iPhone exports from India in the first seven months of the current financial year (FY 2025).

According to the data, in the AprilOctober period this year, the Cupertinobased tech giant exported iPhones worth about Rs 60,000 crore (over $7 billion), which is about Rs 8,450 crore (about Rs 1 billion) every month in the current financial year. dollars) value of exports.

This time, the company is exporting the recently launched iPhone 16 models from India along with other popular models of its 14 and 15 series.

Apple exported iPhones worth more than $10 billion in fiscal year 2024.

This fiscal year, the tech giant has already secured 70 percent of the $10 billion raised just five months ago.

With the government's 'Make in India' and PLI schemes, the company is set to create a new export record.

Apple manufactured and assembled iPhones worth $14 billion in India last fiscal year and exported devices worth more than $10 billion.

iPhone exports from India to cross $10 billion in 202324 from $6.27 billion in 202223.

Overall, the iPhone maker's operations in India reached $23.5 billion last fiscal year.

In the JulySeptember period, the Tim Cookled company recorded its highestever revenue in India.

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Cook had said that we are excited by what we are seeing in India, here we have created the biggest revenue record ever. It's been an extraordinary year of innovation at Apple.

Apple has two retail stores in India, New Delhi Saket and Mumbai BKC. Meanwhile, Apple's CEO has announced the opening of new stores.

Apple posted its biggestever quarterly shipments in India with 4 million units in Q3 2024, according to an IDC report.

Apple also emerged as the secondlargest player in the online channel, with the iPhone 15 and iPhone 13 being the most shipped devices.

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Image Credit: KhasKhabar.

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