apple, broke a new record in India that no brand has achieved before. The Cupertino-based tech company has become the first in the country to export $1 billion worth of smartphones in a single month. According to data from the Economic Times, Apple It reached the export milestone in December 2022.
apple and Samsungare major smartphone exporters from India. In November last year, Samsung overtook Samsung to become the number one exporter in the country, according to government officials.
In India, the Cupertino-based technology company has Foxconn, Pegatron and Wistron. three contract manufacturers exists. The first two are located in Tamil Nadu and the second in Karnataka. company in the country iPhone 12, iPhone 13, iPhone 14 and iPhone 14 PlusIt produces locally. According to officials, some smaller manufacturers are also exporting iPhones outside of India.
Apple has been participating in the Indian government’s product-linked incentive (PLI) program since it was launched in April 2020. Alongside Apple’s export figures, the data is for December’s mobile phone industry. Over 10,000 Rupees It also revealed that it was a record month with exports. Officials say Samsung’s facility is due for maintenance. If it worked at full capacity instead of being shut down for 10-15 days, it would be higher. He added that it will.
government of India Approximately $9 billion in fiscal year 2022-2023 It estimates that it will export mobile phones worth of The $1 billion export benchmark set by iPhones in a month, the government’s ambitious PLEAT is a prime example of its programs.