Apple’s iPhone exports from India have swelled to $5 billion (around ₹41,985 crore) within the first five months of FY25, marking a 54% increase from the same period last year.

What Happened: The substantial increase in exports is linked to Apple’s strategic decision to manufacture the iPhone 16 Pro and iPhone Max in India. Interestingly, the export figure for the initial five months is on par with Apple’s full-year figure for FY22, indicating a significant acceleration in production.

Apple’s trio of vendors — Foxconn, Pegatron and Wistron (now Tata Electronics) — are producing iPhones under the smartphone production-linked incentive (PLI) scheme. Together, they have pledged to an export output of $8.9 billion (around ₹74,734 crore) under the PLI scheme for FY25.

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Despite an expected dip in exports between August and October due to the redirection of supplies to the domestic market, exports are projected to surge considerably between November and March. This coincides with the global launch of the new iPhone model and the festive season, particularly Diwali.

With Foxconn gearing up to commence production of the pricier iPhone Pro and Pro Max models, the value of iPhone exports is anticipated to climb even higher after November.

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