Apple has clocked a record $10 billion (about ₹88,730 crore, current currency conversion) worth of iPhone exports from India in the first six months of this fiscal, up 75% from $5.71 billion in the year-ago period, officials aware of details told ET.
In September alone — traditionally a lean period, along with August, as users await new models — Apple clocked outward shipments worth $1.25 billion. This was despite massive domestic demand for the latest iPhone 17 series, which is catered to by India, the people said. This September was a whopping 155% jump from $490 million exports in the month last year, show data available with ET.
Apple launches its new iPhone series in September every year. Its export numbers scale from the month, picking up pace after Diwali due to rising international demand propelled by Thanksgiving holidays, Black Friday, Christmas and New Year sales in the West, experts said. This year, exports are also fuelled by the fact that for the first time, all iPhone models – including the Pro, Pro Max and Air – are rolled out from Indian factories for the global markets right from launch.
Earlier, there would be a lag of a few months for India-made Pro models to reach global markets.
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In September alone — traditionally a lean period, along with August, as users await new models — Apple clocked outward shipments worth $1.25 billion. This was despite massive domestic demand for the latest iPhone 17 series, which is catered to by India, the people said. This September was a whopping 155% jump from $490 million exports in the month last year, show data available with ET.
Apple launches its new iPhone series in September every year. Its export numbers scale from the month, picking up pace after Diwali due to rising international demand propelled by Thanksgiving holidays, Black Friday, Christmas and New Year sales in the West, experts said. This year, exports are also fuelled by the fact that for the first time, all iPhone models – including the Pro, Pro Max and Air – are rolled out from Indian factories for the global markets right from launch.
Earlier, there would be a lag of a few months for India-made Pro models to reach global markets.
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