IPhone exports of India jump in 6 months to six billion dollars

The export of the Apple of the iPhone phones, manufactured in India, jumped by a third of six months until the end of September, confirming the attempt to expand the manufacturing scope in the country and reducing the dependence on China. The US company has issued devices made in India with a value of $ 6 billion, an increase of a third in terms of value compared to the same period in the previous year, according to people with expert who asked not to mention their names because the information is not disclosed. This increase places the annual export value on a road that qualifies to exceed $ 10 billion in the 2024 financial year. Apple works to quickly expand the manufacturing network in India, which benefits from local and competent workforce and progress in the country’s technological abilities. India is an important angle in the business efforts to reduce its dependence on China, as the risks increase with the increase in tension between Beijing and the United States. Three of Apple’s supplier companies, the Taiwanese Foxcon Technology Group, Bigatron Corp. and Indian company Tata Electronics, iPhone devices in southern India. The local unit of “Foxconn”, based on the outskirts of Chennai, is the largest resource in India and represents half of the country’s export of iPhone phones. The first Indian “iPhone” manufacturer. These people said that the electronic manufacturing arm of the “Tata Group” business from April to September performed $ 1.7 billion to iPhone devices from its factory in the state of Karnataka. ‘Tata Group’ acquired this unit of ‘Wistron’ business last year and became the first Indian ‘Apple’ product. The number in dollars refers to the estimated value of the devices at the factory sports language and not to retail prices. Apple representatives refused to comment on this news. Pegatron representatives also refused to comment, while two spokeswoman for “Foxconn” and “Tata” did not respond to the requests for comment. The largest export of India from smartphones The iPhone phones are the largest side of India’s export of smartphones, and in the first five months of the current financial year, contributed to this category of products to the country’s exports to the United States worth $ 2.88 billion. Five years ago – before Apple expanded in India manufacturing – the country’s annual exports of smartphones to the United States amounted to $ 5.2 million. However, “Apple” acquires less than 7% of the smartphone market in India, which is dominated by Chinese brands such as “Xiaomi”, “Oppo” and “Vivo”. Although the Indian market is still small for iPhones compared to the distribution worldwide, Apple is these major interests in this market. The support provided by the administration of Premier Narendra Modi, Apple, helped collect the iPhone 16 Pro and Max Pro in their high prices in India, which are two devices equipped with better cameras and a titanium structure. The company is also looking for new stores, including an outlet in the Southern Technology Center in Bangalore and West Pawn. Last year, CEO Tim Cook launched the first Apple store in the financial position in Mumbai and in the capital, New -Delhi. The most important openings, the impressive marketing campaign that accompanied the new stores, and the strong sales campaign online, as well as the rapid increase in the size of the middle class striving for Apple products, increases the company’s annual revenue in India to a record 8 billion per year to March. We believe that by $ 2030 sales can reach $ 2030, mainly with the high -purchasing power of the middle class and the increase in the use of soft payment systems. Anwaraj Rana and Andrew Gerrard, two Economic Analysts -Bloomberg Intelligence China still the most important markets of Apple contradict the rise of the “Apple” star in India with its troubled chances in China, whose economy weighs in the aftermath of the fierce closure due to the cofid -19 and the real estate crisis. Apple definitely depends on China in most of manufacturing and sales, and India is unlikely to become the most important markets. It is noteworthy that “Apple” increased the “iPhone” phones in India by a $ 14 billion value in the financial year ending in March 2024, which doubled production, while diversifying its efforts to diversify production centers outside China. Out of this amount, devices are issued to $ 10 billion.