Apple surpasses Samsung to become largest smartphone exporter from India by volume: Report
Economic Times on 22 September. According to the report, Apple shipped 49 percent of the country's total 12 million smartphone shipments in the June quarter, compared to Samsung's 45 percent export. LiveMint couldn’t verify the report independently.
As per the industry executives, quoted in the report, Apple’s share of exports soared from barely 9 percent of the roughly 8 million smartphones shipped in the second quarter of 2022 to almost half the total smartphone exports in Q2 2023. ALSO READ: 'Fragile, defective…': Netizens share a slew of complaints as Apple’s new iPhone 15 goes on sale Details say, that in the March quarter of 2023, India's exports were around 13 million and fell to 12 million in the June quarter. The rise in Apple's performance began after it started manufacturing in India in 2017 and further a ramp-up in production by three of its contract manufacturers — Foxconn, Wistron, and Pegatron — from the second half of 2022 with the production of iPhone 14 and previous models.
The iPhone manufacturer has been focused to meeting demand within the Indian as well as global markets. Apart from this, the Indian government's production-linked incentive scheme for smartphone manufacturing helped Apple's all three contract manufacturers —Foxconn, Wistron, and Pegatron. The report added that the PLI scheme played a crucial role in encouraging and boosting Apple's manufacturing operations in India.
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