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.
Limited time offer:
Just RM5 per month.
