According to a report by The Economic Times (ET), Apple overtook rival Samsung to become the first company to export $1 billion (8,100 kroner) worth of smartphones from India in a single month. December was also a record month for the smartphone industry, with mobile phone exports surpassing Rs 10,000 crore, data showed, the report added.
It should be noted that California-based Apple and South Korean tech giant Samsung were the top mobile exporters in India. Samsung used to dominate mobile phone exports, but Apple overtook Samsung to become the country’s largest exporter in November. Apple is currently assembling iPhone 14, 12, 13, and 14 Plus models in India.
Government officials said total exports would have been higher had Samsung’s production units been operating at full capacity. But last month it was closed for about 15 days for routine maintenance, he added, ET reports.
Meanwhile, JP Morgan analysts recently said Apple will expand local manufacturing capacity in India to produce 25% of all iPhones by 2025.
Apple has three assembly partners in India: Foxconn, Wistron and Pegatron, all of whom are participating in the government’s Product Linked Incentive (PLI) scheme and whose production is expected to grow in the coming years. , Counterpoint Research recently told ABP Live.
India will account for 3-4% of global iPhone manufacturing in CY2021, and Counterpoint Research believes it will grow to reach 7-8% by CY2023.
After assembling iPhones in India for the past few years, Apple has now started work on starting production of its iPad lineup in the country. The Cupertino, Calif.-based tech giant is in talks with Indian officials about identifying the location of his iPad manufacturing in the country, reports last month said. This is because relations between the United States and China have soured, with the latter’s zero Covid restrictions disrupting supply chains.