Wednesday, December 7, 2022
HomeDigit NewsiPhone Export: India will challenge China's supremacy, will double iPhone exports

iPhone Export: India will challenge China’s supremacy, will double iPhone exports

iPhone Export From India: India has started challenging China’s dominance in iPhone manufacturing and the day is not far when Made in India iPhone will be seen all over the world. In fact, in the first 5 months of the current fiscal year 2022-23, between April and August, India has exported Apple iPhones worth more than one billion dollars. With this achievement, India has emerged as a major force in electronics manufacturing.

iPhones made in India have been sent to European and Gulf countries and it is believed that in 12 months till March 2023, $ 2.5 billion i.e. around Rs 20,000 crore is estimated to be exported from India. . Earlier in the financial year till March 2022, $ 1.3 billion iPhone was exported from India.

India’s share in the amount of iPhone that is made is still very less. But the increase in the export of iPhone, after China, will present India as a big option in the field of electronics manufacturing after China. At present, the iPhone has been producing most of the iPhones in China. However, Apple wants to boost manufacturing in other countries after Sino-US tensions and continuous lockdown in China.

While 230 million i.e. 230 million iPhones are made in China, currently only 3 million i.e. 3 million iPhones are made in India. 98 percent of iPhones are made in China.

In India, Apple’s Taiwan-based contractor Foxconn Technology Group and Wistron Corp. and Pegatron Corp. manufactures iPhones in South India. The iPhone 11, iPhone 12, iPhone 13 have been exported from India between April and August and soon the iPhone 14 will also be exported. will go. Apple has invested a lot in China. According to a report, it may take 8 years to move 10 percent of Apple’s production capacity out of China.

- Advertisement -
MOBILE

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News

spot_img