Apple's iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report,

Almost 70% of the iPhones manufactured were exported, while $3 billion worth of iPhones were sold domestically.

Apple has seen remarkable success in India, producing and assembling $14 billion worth of iPhones in fiscal year FY24, with exports accounting for over $10 billion of this figure. The strong performance in the current fiscal year underscores the company’s increasing reliance on India as a manufacturing hub.

Apple's iPhone production in India reached a freight-on-board (FOB) value of $10 billion in the first seven months of FY25. The PLI scheme has driven significant smartphone exports and job creation, with Apple accounting for $7 billion in exports alone.

Indian media has revealed that Apple is in talks with more than 40 firms in the region to become component suppliers for devices including the iPhone, ahead of a Trump administration applying tariffs to Chinese imports.

According to the Business Standard article shared by the minister, the estimated market value of this $10 billion FOB production stands at $15 billion, factoring in sales, distribution, marketing, margins,

Apple's iPhone manufacturing in India has reached new heights, achieving over $10 billion in FOB value within the first seven months of FY25. This represents a 37% increase from the previous year, with 70% of production being exported.

Apple achieved $10 billion in iPhone production in India during April-October 2024. $7 billion worth of iPhones were exported. This represents a 37% increase compared to the same period last year. October 2024 saw over $2 billion in iPhone production.