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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.
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.
