Apple is now manufacturing and producing iPhones in India not only to meet its own market demand but also to export to various countries and regions, providing Apple with a more diversified global sales channel. According to the latest news, Apple exported nearly $3 billion worth of iPhones made in India in its most recent fiscal year.
India is now Apple’s second-largest iPhone manufacturing base in the world. Apple initially produced only the first generation iPhone SE in India, but as its talent pool and supply chain around the country gradually improved, Apple has increased its supply channels in India, increasing its production capacity to expand its models and gradually starting to roll them out to the world.
Apple’s production line in India reached a new milestone last year with the start of production of the iPhone 14 model. Apple already began mass production of the base iPhone 14 model in India last September, and it is expected that Apple will also mass produce the iPhone 15 model in India, which will be available this fall.
Bloomberg reports that exports of iPhones made in India doubled between April and December of last year. From April to December, Apple exported more than $2.5 billion worth of iPhones from India, nearly double the total exported in the previous fiscal year.
Foxconn Technology Group and Wistron Capital each shipped more than $1 billion worth of Apple’s big-name devices overseas in the first nine months of the fiscal year ending in March 2023, people familiar with the matter said. Apple’s other major contract manufacturer, Pegatron Corp. is expected to move about $500 million of electronics overseas by the end of January.
