Apple has smashed records with its iPhone exports from India, crossing ₹1 lakh crore ($12.8 billion) in just the first 10 months of FY25, according to a report by Business Standard on February 10. This is the first time ever that the tech giant’s exports have surpassed this milestone within a financial year.
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31% Surge in Exports Compared to Last Year
Between April 2024 and January 2025, Apple’s iPhone exports saw a 31% jump from ₹76,000 crore in the same period last year. In January alone, the company recorded a massive ₹19,000 crore in exports, driven by its three key suppliers—Foxconn, Pegatron, and Tata Electronics. Notably, Tata recently acquired Pegatron, further strengthening its role in Apple’s supply chain.
Apple’s Dominance in the Premium Smartphone Market
According to IDC estimates, Apple shipped over 12 million iPhones from India in 2024, marking a significant 34-35% increase from 9 million units in 2023. While export growth may slow slightly in 2025, analysts predict that Apple will continue to see double-digit growth, reinforcing its dominance in the premium smartphone market.
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Apple’s rapid expansion in India aligns with its broader strategy to reduce dependence on China and scale up manufacturing in the country. With government incentives and an expanding local supply chain, India is set to play an even bigger role in Apple’s global production strategy.
