iPhones worth $2B exported from India in November
What's the story
Apple has achieved a major milestone by exporting iPhones worth a whopping $2 billion from India last month. This is the highest value of exports recorded by the tech giant in a month for the current financial year, according to Business Standard. In total, India's iPhone exports for the first eight months of FY26 have reached an impressive $14 billion.
Market share
Apple's contribution to India's smartphone exports
Apple's exports accounted for a whopping 75% of the total smartphone shipments from India, which were worth $2.7 billion in November. Other contributors to this monthly shipment included Samsung, Padget Electronics, and some third-party exporters.
Production expansion
Apple's manufacturing footprint in India
Most of Apple's exports until FY25 came from its three factories in Tamil Nadu and Karnataka. The company recently added two more plants in these states, further expanding its manufacturing footprint. Tata runs three factories while Foxconn controls the rest, highlighting a strong partnership between global tech giants and local players in India's growing smartphone industry.
Export growth
India's smartphone exports surge amid PLI scheme
Between April and November 2025, India's total smartphone exports soared 43% to $18.7 billion from $13 billion during the same period last fiscal. The growth can be attributed to a product-linked incentive (PLI) scheme launched by the Indian government in 2020 to promote local manufacturing. The scheme has been instrumental in boosting mobile shipments from India every year since its inception.