Apple has set a brand new report by exporting $10 billion value of iPhones from India throughout FY24, in keeping with knowledge offered to the federal government — a 100 per cent improve over the earlier monetary yr below the Manufacturing-Linked Incentive (PLI) scheme.
By way of client merchandise, this constitutes the largest-ever export of a single branded product by any firm from India.
iPhone exports accounted for 70 per cent of Apple’s whole manufacturing in FY24. Of the three suppliers, Foxconn exported 60 per cent of its whole iPhone output; Pegatron 74 per cent; and Wistron (now the Tatas) 97 per cent.
First Revealed: Apr 14 2024 | 11:27 PM IST