Apple's India-Made iPhone 16 Boosts Exports Worth Rs 85,000 Crore

[{"selector":"#anim-42b5b7c6-915d-4acc-88a3-5975dd67d0dd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.222560879872866%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Apple’s contract manufacturers, including Foxconn, Pegatron, and Wistron (Tata Group), produced iPhones worth Rs 1.20 trillion in India during FY 2024.

[{"selector":"#anim-c91b2fb6-beed-4f25-ac58-92460854cdfa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(11.690027684238794%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] iPhone exports from India were valued at Rs 85,000 crore, reflecting India’s growing role in Apple’s global production.

[{"selector":"#anim-e95aa82a-6dac-466f-b8e1-8c6574191cf1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.222560879872866%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The freight on board (FOB) value shows the price at the factory, with retail prices typically 60% higher.

[{"selector":"#anim-84c9923e-c633-4525-9438-78cc9e4ef790 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The made-in-India iPhone 16 will be available in multiple countries within days of its launch on September 10, 2024.

[{"selector":"#anim-cc1099d6-c38d-4685-98fe-e25c65b0af2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Apple leads mobile phone exports from India and is a key participant in the government’s PLI scheme to boost local manufacturing and exports.