The data indicates that during the first ten months, iPhone exports have increased by 30%. About Rs 76 thousand crore worth of iPhones were exported in the first ten months of the prior fiscal year 2023-2024. In January 2025 alone, Apple exported iPhones valued at Rs 19 thousand crore, the most ever for a single month.
Apple has achieved a record for iPhone exports from India thus far in the current fiscal year 2024-2025 by utilizing the Production Linked Incentive (PLI) program. Industry data indicates that during the first ten months of the current tax year, which runs from April 2024 to January 2025, Apple exported iPhones valued at Rs 1 lakh crore. In the first ten months of any fiscal year, this is the largest iPhone export to date.
Exports increased by 30%.
The data indicates that during the first ten months, iPhone exports get by 30%. About Rs 76 thousand crore worth of iPhones were exported in the first ten months of the previous fiscal year 2023-2024. In January 2025 alone, Apple exported iPhones valued at Rs 19 thousand crore, the most ever for a single month. In an X post on Monday, Union Electronics and Information Technology Minister Ashwini Vaishnav also disclosed that iPhone exports totaled Rs 1 lakh crore in the first ten months.
India is a big mobile market
The Union Minister stated that over Rs 2.25 lakh crore is anticipated to be exported in total during the current fiscal year. According to him, over 100 crore mobile phones are in use in India, and 32.5–33 crore are created there year. Tim Cook, the CEO of Apple, stated last month that India is a huge market for the company.
In India, four new Apple stores will open.
Tim Cook stated a few days ago that we have achieved remarkable success in numerous emerging regions, and as you are aware from the previous call, we are especially enthusiastic about India. This quarter, India set a record for the December quarter, and we are expanding our shop openings there. There, we plan to open four new stores, as we have mentioned.
The iPhone, which is the second-largest smartphone market worldwide, was the best-selling model in India this quarter. I believe there is a lot there, and it is one of the emerging markets. At the same time, it is the third largest market for PCs and tablets, making it a pretty big market with a very small percentage of our industry.