iPhone exports from India surge 33% as Apple reduces dependence on China

The iPhone exports from India reached nearly $6 billion in the six months leading up to September 2024 marking a 33% increase compared to the same period last year. This positions Apple to exceed its fiscal 2024 export target of $10 billion from India, according to a report by Bloomberg.

The surge in exports can be attributed to Apple’s expanding manufacturing network in India, which has been bolstered by local government subsidies, a skilled labour force, and improving technological infrastructure.