Washington, Nov 16: In a new record, Apple has reached almost Rs 60,000 crore in iPhone exports from India in the first seven months during the current fiscal (FY25).
In the April-October period, the Cupertino-based tech giant exported iPhones worth almost Rs 60,000 crore (over $7 billion), at almost Rs 8,450 crore (nearly $1 billion) worth export each month in the ongoing financial year, according to industry data.
This time, the company is exporting newly-launched iPhone 16 models from India, apart from the other popular models in its 15 and 14 series.
Last fiscal (FY24), Apple exported iPhones worth over $10 billion and this fiscal, the tech giant has already achieved 70 per cent of that figure with five months to go â set for a new export record riding on the governmentâs ‘Make in Indiaâ and production-linked incentive (PLI) schemes.
Apple manufactured/assembled $14 billion of iPhones in India last fiscal, exported more than $10 billion worth of devices.
The iPhone exports from India surged to cross $10 billion in 2023-24 from $6.27 billion in 2022-23. Overall, the iPhone makerâs India operations reached $23.5 billion in value in the last fiscal (FY24).
In the July-September period, the Tim Cook-led company clocked an all-time revenue record in India.
âWe continue to be excited by the enthusiasm we’re seeing in India, where we set an all-time revenue record. This has been an extraordinary year of innovation at Apple,â said Cook.
Apple has two retail stories in India â in New Delhi (Saket) and Mumbai (BKC). âWe can’t wait to bring four new stores to customers in India,â the Apple CEO announced.