Apple’s iPhone production slows but steadies in May at ₹15,000 crore

New Delhi: Apple’s India vendors produced iPhones worth more than ₹15,000 crore in May, easing slightly from the scorching pace in the preceding two months, but well ahead of the ₹10,000-11,000 crore average in 2024, according to two market research firms and industry data.

Industry experts expect an average ₹15,000 crore monthly rate for the rest of the year now. As of May, Apple’s vendors have already made iPhones worth ₹84,000 crore this year – both for domestic sales and exports. That equals the entire domestic consumption of calendar 2024, according to industry data reviewed by ET.