Apple’s iPhone exports touched Rs 60,000 crore in value, or around $7 billion, in the first seven months (April-October) of the current fiscal. This translates into an average of $1 billion in exports per month, a feat achieved for the first time by any company. The milestone follows the smartphone production-linked incentive (PLI) scheme announced in 2020, after which Apple began shifting its manufacturing to India. Apple is not just exporting iPhones 14, 15 and 16 from India, but for the first time, is also exporting the Pro and Pro Max models. This year, smartphone exports of $2.8 billion during April-August — again aided by iPhones — are now India’s largest exported item to the US, ahead of diamond exports of $2.1 billion for the same period. This represents a 51% growth over the April-August period last year, which saw $1.9-billion smartphone exports from India to the US, as per a report.
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