Led by iPhones, exports of mobile phones from India reached $6.5 billion in the April-July period (Q1 FY25) – an almost 40 per cent surge from the same period last fiscal (FY23), industry data showed on Thursday.iPhone exports surpassed $1 billion in the month of July – almost similar month-on-month performance as seen in the first quarter of FY25 — led by the production-linked incentive (PLI) scheme.
Currently, iPhone exports constitute about 70 per cent of the total mobile exports from the country, the industry data showed.
According to experts, Apple’s performance in the April-July period was marked by contrasting fortunes and the long-term growth outlook remains positive, with the company being well-positioned to capitalise on India’s growth trajectory in the coming years with big local manufacturing plans.