Apple ships iPhones worth $6 bn from India to reduce dependence on China
By
Binu Mathew
Apple Inc.’s iPhone exports from India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on China.
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.