Made in India iPhone in demand expected to export double this year says report

Made in India iPhone The threat is reverberating all over the world. From April 2022 to August 2022, Apple exported iPhones worth $ 1 billion (about Rs 8229 crore) from India. It is expected that by March 2023 next year, the company will export $ 2.5 billion (Rs 20 thousand crores) of iPhones from India. According to the report, the number of iPhones made in India will double by next year. The company’s focus is to start production of the iPhone as well as AirPods and Beats headphones in India.

According to a Bloomberg report, according to the current rate, shipments of iPhones made in India are mainly to Europe and the Middle East, which will reach the US $ 2.5 billion by this fiscal year. Made in India iPhones worth $1.3 billion were exported in the fiscal year ending March 2022. According to the current rate, this figure will almost double by next year.

Promote PM Modi’s Make in India mission

Although the number of iPhones made in India is very less in terms of total production, the rate at which iPhone production is increasing in India will boost PM Modi’s Make in India mission. Also, Apple has got a big manufacturing hub outside China.

According to IDC, Apple’s manufacturing scale and export growth indicate that the company can create alternative manufacturing hubs outside China. However, India has made 3 million iPhones this year, which is just a fraction of China’s 230 million. The iPhone 11, iPhone 12 and iPhone 13 models have been exported from India till August this year. As the production of iPhones in India increases, the production gap between India and China will shrink.

AirPods and Beats headphones production in India

According to a report by Nikkei recently, Foxconn, a device assembler for Apple, is preparing to make Beats headphones in India. In the coming time, the company can also manufacture AirPods in India. Not only this, Luxshare Precision Industry, a Chinese supplier of iPhones, has also decided to help the company in producing AirPods in India.