Apple exported iPhones worth over 1.5 trillion rupees ($17.4 billion) from India in the last fiscal year, according to India’s technology minister, highlighting the company’s push to diversify its manufacturing base beyond China.

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	Forwarded this email? Subscribe here for more Apple exported $17 billion in iPhones from India in 2024 MacDailyNews Apr 8   READ IN APP   Apple exported iPhones worth over 1.5 trillion rupees ($17.4 billion) from India in the last fiscal year, according to India’s technology minister, highlighting the company’s push to diversify its manufacturing base beyond China. Tech minister Ashwini Vaishnaw announced at a New Delhi briefing that India’s smartphone exports, driven by the surge in iPhone shipments, reached more than 2 trillion rupees in the fiscal year ending March 2025, marking a 54% increase from the prior year. Sankalp Phartiyal for Bloomberg News: ‎ Apple has rapidly expanded in India after strict Covid shutdowns paralyzed manufacturing at its largest iPhone plant in China. The diversification drive has coincided with Prime Minister Narendra Modi’s ambition to turn the country into a manufacturing hub. India’s subsidies have helped Foxconn Technology Group and the electronics manufacturing unit of Tata Group, which bought Wistron Corp. and Pegatron Corp.’s India factories, scale up local iPhone assembly. US President Donald Trump’s levies on China — and his threat to impose a further 50% tariff — could push Apple to move more manufacturing toward India and countries in Southeast Asia. Separately, Apple has been stocking up on inventory in anticipation of the tariffs. And it’s steering more devices made in India to the US market, Bloomberg News has reported. The Trump administration announced plans to impose a “reciprocal” tariff of about 27% on India, a lower level than China. ‎ MacDailyNews Take: Apple today still ships roughly four-fifths of its iPhones from China because Tim Cook firmly latched Apple onto China’s CCP teat and his plan for weaning it off is way late and too slow. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple exported $17 billion in iPhones from India in 2024 appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe