In yet another major milestone for Apple in India, the tech giant’s Indian arm exported iPhones worth $10 billion from India in the fiscal year 2024, doubling its export value compared to the previous year. Under the Production-Linked Incentive PLI scheme, Apple exported about 70 per cent of all iPhones made in India, making Apple and the iPhone the largest-ever exporter of a single branded product from India in terms of consumer goods. Among the top three suppliers, Foxconn exported 60 per cent of its iPhone output, while Pegatron exported 74 per cent. Wistron’s India factory, now owned by Tata exported about 97 per cent of all the iPhones it made. Industry estimates suggest that iPhone exports from India are set to nearly double to Rs 80,000 crore in the current fiscal year, up from Rs 40,000 crore in the last fiscal year. On the other hand, Samsung, which has traditionally been the largest exporter of smartphones by export value, is expected to remain flat at around Rs 32,000-35,000 crore.
