Apple’s export of iPhones from India touched the $5-billion mark for the first five months (April-August) of FY 25 - a heady growth of 54 per cent over $3.2 billion during the same period last year, the company’s vendors said.
With Apple deciding to make the iPhone 16 Pro and iPhone Max in India, it is set to give a fillip to the value of its exports from the country this financial year. An Apple spokesperson, however, did not respond to queries on the issue.
When compared with Apple’s own numbers, the five-month export is equal to its full-year figure for FY22.
Apple is making iPhones through its three vendors - Foxconn, Pegatron and Wistron (now Tata Electronics) - under the smartphone production-linked incentive (PLI) scheme.
Jointly, the three vendors have committed an export output of $8.9 billion under the PLI scheme for FY25, which is also the scheme’s fourth year. At $5 billion, the three Apple vendors have already delivered 54 per cent of their full-year’s commitment within the first 5 months.
Going by previous years’ export patterns, iPhone exports from India usually slow down between August and October when Indian factories start diverting supplies to serve the domestic market.
This follows the global launch of the new iPhone model, which usually occurs in September each year.
Apple simultaneously launched iPhone 16 from India and China last week.
Following the launch of the new iPhones and the festival season exports from India are expected to pick up in a significant manner between November and March, just like earlier. The average export during this period is almost 20-30 per cent higher than the previous seven months, especially in the case of Apple.
This year, the value of iPhone exports is expected to be higher post November since Foxconn will start producing iPhones Pro and Pro Max models, which are at least 25-30 per cent more costlier even at freight on board (FOB) value than the normal iPhone models.
