As Apple moved beyond manufacturing in China and reduced its dependence, the shipment has seen tremendous growth. As per the latest reports, Apple’s iPhone export from India has witnessed a rise of a third in the six months from April to September. The tech giant has exported Made In India iPhones worth $6 billion, which is a steep increase of a third in comparison to the same period of last year, Bloomberg reported. If Apple continues the same pattern, the iPhone maker may exceed the $10 billion export mark by the end of this fiscal year!
It must be noted that dollar figures suggest the estimated factory date value of the iPhone instead of the retail price. While comparing the previous trends of Apple’s iPhone export from India around five years back when Apple hadn’t expanded its manufacturing in the country, it was just at $5.2 million, the report added. So, what is contributing to this steep growth of Apple’s exports from India?
iPhone Exports From India: The Reasons Behind This Rise
The reasons behind the sudden rise of iPhone exports from India are clearly the made-in-India iPhones and other product manufacturing. Top suppliers of Apple which include Taiwan’s Foxconn Technology Group, Pegatron Corp., and Tata Electronics, are behind the assembly of iPhones in the country. Half of India’s iPhone exports are attributed to Foxconn’s local unit in Chennai.
Indian government’s subsidies have also helped Apple to assemble the premium and latest iPhone 16 Pro and the iPhone 16 Pro Max models in India. Apart from this, Apple has opened two key retail stores in India located in Mumbai and Delhi, which has also gained significant revenue. Following the success of these two stores, Apple is also planning to expand its retail stores in the country.
However, it must be noted that Apple’s iPhone still holds just 7 per cent of India’s smartphone market. The rest of the smartphone market in India is dominated by other brands such as Xiaomi, Oppo and Vivo.
End Of China’s Dominance?
It seems unlikely! Despite the fact that India is witnessing growth in contrast to China’s slowdown post-COVID-19 lockdown impact, China is still a dominant country in terms of manufacturing and sales. Still, it is crucial for India to keep the momentum of the iPhone sales and exports of iPhones.
