Apple clocks Rs 1 lakh cr iPhone exports from India in year 2024

 

 

RIDING on the Government’s production-linked incentive (PLI) scheme and rising premiumisation trend, Apple has reached Rs 1 lakh crore in iPhone exports from India in the calendar year 2024. According to early industry estimates, Apple exported more than $12 billion worth iPhones last year, which is more than 40 per cent growth from 2023. Apple’s domestic production has surged nearly 46 per cent from a year ago, as per estimates. The Cupertino (California)-based tech giant manufactured/assembled $14 billion of iPhones in India last fiscal (FY24), with exporting more than $10 billion worth of iPhones. Meanwhile, the Apple ecosystem has also created 1,75,000 new direct jobs in four years with “over 72 per cent women”.