India becomes the world's second-largest mobile phone manufacturer, one in seven iPhones is 'Made in India'

Apple iPhone Tech giant Apple has exported iPhones worth more than Rs 16,500 crore (about $2 billion) in the first two months (April-May) of the current financial year i.e. 2024-25. According to these figures, it is more than 80 percent of the total production/assembly of the country. According to Prime Minister Narendra Modi, one in seven iPhones in the world is now being made in the country.

Jun 12, 2024 - 18:21
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India becomes the world's second-largest mobile phone manufacturer, one in seven iPhones is 'Made in India'

Apple shipped iPhones worth more than Rs 16,500 crore (about $2 billion) in the first two months (April-May) of the current fiscal year, 2024-25. According to these estimates, it accounts for more than 80% of the country's total production and assembly.

Foxconn, the largest business that assembles phones for Apple, accounts for approximately 65 percent of overall exports. In the fiscal year 2023-24, Apple produced over $14 billion (more than Rs 1 lakh crore) of iPhones, with a market value of around $22 billion.

By encouraging manufacturing in India, Apple has doubled iPhone output in the country.

According to Prime Minister Narendra Modi, one in seven iPhones in the world is now being made in India. India has now become the second-largest mobile phone manufacturer in the world.

By the year 2028, one-fourth of the total iPhone production will be in India. Apple recorded record sales in the first quarter of the calendar year and it was 19 percent more than the same period last year.

Last year, Apple sold about one crore iPhones in the country and it was seven percent of the market share. At the same time, during the last 10 years, there has been a tremendous increase in the export of electronic goods from India.

The California-based Apple company is also strengthening its ecosystem by creating a network of local vendors. This is reducing its dependence on China and creating lakhs of new jobs in the country. More than 1.5 lakh people have got employed in Apple's ecosystem in the country so far.

Muskan Kumawat Journalist & Writer