Apple’s iPhone exports from India reach 50,000 rupees: Report

apple company witnessed a significant increase in iPhone Exports from India are increasing, indicating a strategic shift away from China.

what happened: Apple’s iPhone exports from India rose 33% in the six months to September, Bloomberg reported.

The US tech giant exports about $6 billion worth of iPhones made in India, a significant increase from a year ago, anonymous sources told the business news publication. . As a result, Apple is expected to exceed its estimated export target of $10 billion (approximately 84.08 billion yen) in 2024.

Three of Apple’s suppliers are from Taiwan. foxconn technology group and Pegatron Inc.Indian tata electronicsassembles iPhones in southern India. Tata Electronics reportedly exported around $1.7 billion (approximately Rs. 14,293 crore) worth of iPhones from its Karnataka-based factory between April and September.

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India has emerged as a key part of Apple’s strategy as it seeks to reduce its dependence on China, which has become a risk due to escalating tensions between China and the United States. The company is rapidly expanding its manufacturing network in India by leveraging local subsidies, skilled workforce and the country’s technological advancements.

Despite the growth, India’s smartphone market, dominated by Apple, is largely dominated by Chinese brands, with a share of less than 7%. But the tech giant is investing heavily in the region, including assembling high-end products. iPhone16 pro and iPhone 16 Pro Max such as model launches or new retail store openings.

Apple was recently looking to hire 400 new employees for its upcoming stores in Bangalore, Pune, Delhi-NCR and Mumbai. Jabil, one of Apple’s major suppliers, reportedly plans to invest $275 million (approximately 2,312 million yen) to establish two more factories in the country.

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