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iPhone exports from India doubled to surpass $2.5 billion in April-December

While India makes up just a fraction of iPhone output, rising exports bode well for Prime Minister Narendra Modi's plan to make the country an alternative to China as factory to the world

iPhone 14, iPhone 14 series
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Photo: Bloomberg

Sankalp Phartiyal | Bloomberg
Apple Inc. exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year’s total, underscoring how the US tech giant is accelerating a shift from China with geopolitical tensions on the rise.
 
Foxconn Technology Group and Wistron Corp. have each shipped more than $1 billion of Apple’s marquee devices abroad in the first nine months of the fiscal year ending March 2023, people familiar with the matter said. Pegatron Corp., another major contract manufacturer for Apple, is on track to move about $500 million of the gadgets overseas by the end of