Apple iPhone Production In India Tripled To $7 Bn In FY23

Apple iPhone Production In India Tripled To $7 Bn In FY23

SUMMARY

Apple now produces almost 7% of its iPhones in India as against a mere 1% in 2021

Of the iPhones produced in India last fiscal year, $5 Bn worth of smartphones were exported: Report

India has emerged as a key market for the company; Apple to open its retail stores in Delhi and Mumbai next week

Highlighting Apple’s decisive manufacturing shift towards India, the production of iPhones by the tech giant’s contract manufacturers reportedly tripled to $7 Bn in the financial year 2022-23 (FY23).

The Cupertino-based company now produces almost 7% of its iPhones in India as against a mere 1% in 2021, Bloomberg reported.

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