2022-10-04 17:31
Technology
Alex Lowe

iPhone exports from India set to double by March 2023

iPhone exports from India set to double by March 2023

__wf_reserved_inherit

Apple is using India as a up and coming manufacturing hub, as according to Bloomberg the total exports from the country are to double to $2.5 billion year on year by March 2023. As of writing, Apple has already had $1 billion in revenue since April, coming from exports from India of the iPhone. Apple seems to be planning to expand its operations in the country to use it as a large hub for manufacturing.

According to the Bloomberg report, shipments of iPhones made in India will reach $2.5 billion by March 2023, which will effectively be doubling the revenue from the country since March 2022. The main reason Apple is choosing to use India to make the iPhone is down to the strict policies on manufacturing and import taxes.

However, at the moment Apple still has a long way to go to move its dependence on manufacturing in China. 98% of iPhones are currently made in China and Bloomberg estimates that it would take Apple eight years to just move 10% of its manufacturing to India or other places.

Alex Lowe

iPhone exports from India set to double by March 2023

Alex Lowe is the owner and editor of the interface and started the website in 2013. He publishes the majority of the content on the website, hosts the three podcasts and the runs the YouTube channels. Alex has a professional background in computer networking, FWA and WiFi.

Other Posts

Apple Roadside Assistance via Satellite now available in the UK
After being announced earlier this year, Apple Roadside Assistance via Satellite is now available in the UK
EE is now the first UK mobile carrier to hit 50% 5G coverage
EE boasts that it is five years ahead of the governments ambition when it comes to 5G rollout
Kim Kardashian is partnering again with Apple for new Beats headphones
Apple and Kim Kardashian are partnering up again for new Beats x Kim headphones
After 14 years, Omegle has been shut down permanently
Online chat website, Omegle has now shut down after being launched back in 2009. The founder cited it was no longer sustainable, financially nor psychologically