Apple's iPhone production in India reaches $10 billion in India in April-Oct, creates 1.75 lakh direct jobs in 4 years

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Riding connected the government's production-linked inducement (PLI) scheme, Apple's iPhone accumulation successful the state has reached $10 cardinal successful the 7 months of this fiscal (FY25), with $7 cardinal successful exports unsocial which is simply a record, the Centre said connected Monday.

The tech elephantine manufactured/assembled $14 cardinal of iPhones successful India past fiscal (FY24), with exporting much than $10 cardinal worthy of iPhones.

In a station connected X, Union Electronics and IT Minister Ashwini Vaishnaw said that this is yet different milestone for the smartphone PLI strategy successful 7 months.

"$10 cardinal iPhone accumulation by Apple with $7 cardinal exports. Total smartphone exports from Bharat crossed $10.6 cardinal successful 7 months," the curate informed.

Minister Vaishnaw further stated that the Apple ecosystem created 1,75,000 caller nonstop jobs successful 4 years with "over 72 per cent women".

The Cupertino (California)-based tech elephantine touched Rs 60,000 crore (around $7 billion) successful iPhone exports from India successful the archetypal 7 months of the existent fiscal (FY25). In the April-October period, the institution exported iPhones astatine astir Rs 8,450 crore (nearly $1 billion) each month, arsenic per manufacture data.

In the July-September period, Apple clocked an all-time gross grounds successful India. “We proceed to beryllium excited by the enthusiasm we're seeing successful India, wherever we acceptable an all-time gross record. This has been an bonzer twelvemonth of innovation astatine Apple," said institution CEO Tim Cook.

Amid the increasing request for its iPhones successful aspirational Bharat, Apple clocked a 36 per cent summation successful its operating gross successful India, surpassing Rs 66,700 crore (about $8 billion) successful FY24. The tech elephantine besides posted Rs 2,746 crore ($330 million) successful nett past fiscal.

The company's nett accrued by 23 per cent successful FY24 against Rs 2,229.6 crore ($268 million) successful FY23.

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