TECH NEWS

India Shipments Of Apple iPhones Reach $1 billion In Only 5 Months

October 5, 2022 / By Zunair Tahir / Tech News


The tech giant’s expanding bet on the South Asian country despite New Delhi’s push for domestic production is seen in Apple Inc.’s iPhone exports from India

Which have surpassed $1 billion in five months since April, according to a report by Bloomberg News on Tuesday.

According to the article, which cited sources, the export shipments of iPhones manufactured in India, primarily to Europe and the Middle East, are expected to reach $2.5 billion in the 12 months leading up to March 2023, nearly doubling from the year leading up to March 2022.

READ MORE: Musk Prepared To Acquire Twitter For The Original Price

Earlier this year, Apple began producing the iPhone 13 in India, and the corporation only last week revealed its intentions to produce the most recent iPhone 14.

Since 2017, the tech giant has began producing iPhones in India.

According to Bloomberg, gadgets exported from India between April and August this year include the iPhone 11, 12, and 13 versions.

In addition to moving some iPhone manufacture from China to India, the second-largest smartphone market in the world, Apple is also intending to produce iPad tablets there, according to the report.

As contract manufacturers for American companies attempt to diversify production away from China amid Covid-related lockdowns and brewing tensions between Washington and Beijing, India and nations like Mexico and Vietnam are becoming more and more significant.

A request for comment from Reuters was not immediately answered by Apple.


READ MORE NEWS…


2022 Car Prices (12) 2022 CARS (17) 2022 News (25) 2022 Pakistan News (9) 2022 Tech News (14) apple (8) automobile (10) Automotive Blogs (9) Automotive News (51) Automotive News Pakistan (20) Auto Sector (13) Blogs (9) Business News (9) car news (25) Car Prices (11) cars (46) cars 2021 (11) cars of pakistan (47) electric cars (11) entertainment news (10) F1 (18) F1 News (8) Formula 1 (8) Hyundai (9) Imran Khan (9) Imran Khan News (11) mg (9) MG Pakistan (11) new cars (31) news (128) news pakistan (16) pakistan automotive news (12) Pakistan Government (23) Pakistan News (38) PCB (12) price list (8) proton (12) proton pakistan (14) PTI (10) Sports News (19) suzuki (11) Suzuki Pakistan (10) Tech News (21) Toyota (11) toyota pakistan (9)

You Want To Have Your Favorite Car?

We have a big list of modern & classic cars in both used and new categories.