Apple’s iPhone exports from India have experienced a remarkable surge, reaching $5 billion (approximately ₹41,985 crore) within the first five months of FY25. This represents a significant 54% increase from the same period last year. The growth is attributed to Apple’s strategic decision to manufacture the iPhone 16 Pro and iPhone Max locally.
The current export figure aligns with Apple’s total exports for the entire fiscal year FY22, indicating a notable acceleration in production. Apple’s production partners in India—Foxconn, Pegatron, and Wistron (now Tata Electronics)—are working under the smartphone production-linked incentive (PLI) scheme. They have pledged a combined export output of $8.9 billion (around ₹74,734 crore) for FY25.
While a temporary dip in exports is anticipated between August and October due to a shift in supplies to the domestic market, a significant increase in exports is expected from November through March. This period coincides with the global launch of the new iPhone models and the festive season, including Diwali. The commencement of production of the higher-end iPhone Pro and Pro Max models by Foxconn is likely to further boost export values after November.
