Apple iPhone exports from India doubling in boon to Modi’s plan

The new iPhone 14 smartphones on display at an Apple Store in Los Angeles. Apple began making the iPhone 14 in India last month – sooner than anticipated – after a surprisingly smooth production rollout that slashed the lag between Chinese and Indian output from months to mere weeks. — AP

Apple Inc’s iPhone exports from India crossed US$1bil (RM4.64bil) in the five months since April, according to people familiar with the matter, signalling the South Asian nation is making progress with its bid to become a force in electronics manufacturing.

At the current rate, outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach US$2.5bil (RM11.61bil) in the 12 months through March 2023, the people said. That’s almost double the US$1.3bil (RM6.03bil) worth of iPhones India exported in the year through March 2022, the people said, asking not to be named as the data isn’t public.