New Delhi, November 21 (IANS). One out of every five iPhones manufactured in the world is being manufactured in India. Also, the country’s contribution to the company’s global production value has increased to 12 percent. This information was given in Apple’s filing.
According to the filing, domestic sales of Apple’s Indian unit (Apple India) have increased to $9 billion in FY25.
The analyst said that Apple’s total global revenue is $416.1 billion. India’s share in this is only around 2 percent. However, India’s role in iPhone production is increasing.
The company has now started production of high-end Pro and Pro Max models for the first time in India.
In the filing, the company said that in 2025, Americans would have purchased Apple products worth $178.4 billion, which is 43 percent of the company’s total income. At the same time, iPhone shipments from India to the US are also increasing rapidly.
Europe is second with a share of 26.7 percent in Apple’s income and Greater China is third with a share of 15.4 percent.
The company’s Indian unit’s revenue has grown almost eight times in the last ten years, mainly contributed by iPhones, MacBooks, iPads, AirPods and accessories, while services contribute much less to total sales.
The freight-on-board value of Apple’s India-based production in FY25 was $22 billion, of which $7.5 billion was exported.
Local manufacturing is helping the company boost its domestic sales by completely avoiding the 16 percent custom duty imposed on imported phones.
In the company’s earnings call, Apple CEO Tim Cook said that when it comes to retail, “We’re heading into our busiest time of the year with our best lineup ever. Over the past few months, we’ve opened new stores in emerging markets like India and the UAE, and new stores in the US and China.”
–IANS
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