New Delhi, Aug 19
Apple saw its iPhone exports from India rise almost 63 per cent to $7.5 billion in the April-July period this year, from $4.6 billion in the same period last fiscal (FY25), according to latest industry data.
Overall smartphone exports also surged to a new high of $10 billion in the first four month this fiscal, up 52 per cent from $6.4 billion in the same period in FY25.
When it comes to Q1 FY26, India’s smartphone export momentum hit a record high in the April–June period, with shipments reaching $7.72 billion, up 58 per cent from $4.9 billion in the same period last year. During the quarter, Apple exported $6 billion worth of iPhones through its contract manufacturers, representing an 82 per cent increase from the previous year, as per industry estimates.
Meanwhile, Taiwanese electronics major Foxconn and Apple's key supplier has started production of iPhone 17 at its new Bengaluru factory. This marks a significant milestone for the facility, which is Foxconn’s second-largest iPhone manufacturing unit outside China and has been set up at an investment of around $2.8 billion (about Rs 25,000 crore).