Almost 70% of the iPhones manufactured were exported, while $3 billion worth of iPhones were sold domestically.

Apple's iPhone production in India reached a freight-on-board (FOB) value of $10 billion in the first seven months of FY25. The PLI scheme has driven significant smartphone exports and job creation, with Apple accounting for $7 billion in exports alone.

Apple has seen remarkable success in India, producing and assembling $14 billion worth of iPhones in fiscal year FY24, with exports accounting for over $10 billion of this figure. The strong performance in the current fiscal year underscores the company’s increasing reliance on India as a manufacturing hub.

Indian media has revealed that Apple is in talks with more than 40 firms in the region to become component suppliers for devices including the iPhone, ahead of a Trump administration applying tariffs to Chinese imports.

According to the Business Standard article shared by the minister, the estimated market value of this $10 billion FOB production stands at $15 billion, factoring in sales, distribution, marketing, margins,

Apple's iPhone manufacturing in India has reached new heights, achieving over $10 billion in FOB value within the first seven months of FY25. This represents a 37% increase from the previous year, with 70% of production being exported.

Apple achieved $10 billion in iPhone production in India during April-October 2024. $7 billion worth of iPhones were exported. This represents a 37% increase compared to the same period last year. October 2024 saw over $2 billion in iPhone production.