Apple’s fiscal year 2025 (FY25) began with a remarkable increase in iPhone exports from India. Exports of domestically-made iPhones nearly doubled to $1.1 billion (Rs 9,000 crore) in April, compared to $580 million a year ago, The Economic Times (ET) reported, official data reveals. Analysts note that April typically sees muted export activity globally due to the absence of major festive sales events.
Buoyed by this surge, experts predict the tech giant will cross the Rs 1 trillion export milestone in FY25, making India its second-largest iPhone manufacturing hub outside China. Currently, iPhones are manufactured exclusively in India and China, with experts estimating that 14-15 percent of production has already moved to India, with this number expected to rise to 26 percent by 2026.
Apple exports most of its total production mainly from India. In FY24, the company’s total production in India reached $14 billion (Rs 1.2 trillion), with exports exceeding $10 billion (Rs 85,000 crore). These figures represent the highest achieved by any company in India in a single financial year.
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To be on the safe side, export numbers take into account the freight on board (FOB) value at which the equipment leaves the factory. Retail prices are about 60 percent higher.
Apple operates through three contract manufacturers in India – Foxconn, Wistron and Pegatron – all beneficiaries of the Smartphone Manufacturing Incentive (PLI) programme.
Local expansion of Apple in India
While most of the iPhones made in India are destined for export, the domestic market is also experiencing strong growth for Apple, up more than 38 percent year-on-year (YoY).
Leveraging its expanding local manufacturing operations, Apple is actively pursuing a double-digit smartphone market share in India, aiming to increase it from around 7 percent in FY24.
Apart from exports, Apple’s ecosystem, which includes the iPhone maker and several retailers, has created more than 150,000 new jobs since the launch of the PLI scheme in the past three years.
