Sunday, November 27, 2022
HomeDigit NewsMade in India iPhone exports exceed $1 billion, doubles Apple's target

Made in India iPhone exports exceed $1 billion, doubles Apple’s target

US smartphone maker Apple’s worldwide export of iPhones from India has exceeded $1 billion since April. This is indicating India’s becoming a major force in electronics manufacturing. At the current rate of exports of the company, this figure can reach $ 2.5 billion by March next year.

According to a Bloomberg report, Apple mainly exports the iPhone made in India to Europe and the Middle East. Sources with knowledge of this said that in the last financial year, the company exported smartphones worth about $ 1.3 billion from India. However, India’s share in the total production of iPhone is very less. The increase in exports is a good progress for Prime Minister Narendra Modi’s plan to make the country an alternative to China as a production hub. Apple has been producing most of its iPhones in China for many years. The company is now planning to increase production in countries other than China due to tensions between the US and China in the last few years and several lockdowns due to Corona in China. Among them India is on top.

e-mailed questions about company No reply has been received from Navkendar Singh, tech researchers at IDC, said, “Apple’s growth in manufacturing and exports is a big indication that India is an important position in the company’s plan. It is also the success of the financial incentives being given to electronics companies.”

Apple’s new iPhone 14 will also be made in India. Apple is expected to grow its business rapidly from this world’s largest smartphone market after China. The company launched in India in 2017 with the iPhone SE. manufacturing was started. It is making advanced iPhone devices in India including the iPhone SE, iPhone 12 and iPhone 13. The iPhone 14 has also been added to this. Earlier last month, Apple launched its new series of iPhone 14 models. Made in India iPhone 14 will soon start reaching the customers in the country. These forces made in the country will also be exported. It will be manufactured at global contract electronics manufacturer and major iPhone assembler Foxconn’s plant in Sriperumbudur near Chennai.

-->

- Advertisement -
MOBILE

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News

spot_img