Apple’s India exports hit record $7 billion in 7 months

Breaking all previous records of smartphone exports, Apple’s iPhone exports touched Rs 60,000 crore, or around $7 billion, in the first seven months (April-October) of the current fiscal. This translates into an average of $1-billion exports per month, a feat achieved for the first time by any company, according to industry sources.

The milestone follows the smartphone production-linked incentive (PLI) scheme announced in 2020, after which Apple began shifting its manufacturing to India.