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India iPhone exports soar to $6B amid Apple’s pivot from China

October 31, 2024
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India iPhone exports soar to $6B amid Apple’s pivot from China

NEW DELHI : Apple’s iPhone exports from India surged by a third in the six months ending in September, reinforcing the tech giant’s strategic move to boost manufacturing in India while reducing reliance on China. India-made iPhone exports reached nearly $6 billion, marking a significant jump from last year. The robust growth trajectory suggests Apple (NASDAQ:AAPL) is on track to exceed $10 billion in iPhone exports in the fiscal year 2024.

This uptick follows Apple’s broader efforts to leverage India’s workforce, subsidies, and burgeoning technology ecosystem as tensions . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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