In a significant milestone, Apple’s iPhone production in India achieved a freight-on-board (FOB) value of $10 billion within the first seven months of FY25 (April-October 2024), Union Minister Ashwini Vaishnaw revealed in a post on X.

Apple's iPhone production in India reached a freight-on-board (FOB) value of $10 billion in the first seven months of FY25. The PLI scheme has driven significant smartphone exports and job creation, with Apple accounting for $7 billion in exports alone.

According to the , , and the , Tofler cited Apple India's corporate filing with the Registrar of Companies of India, disclosing that, driven by rising iPhone sales, the company's revenue reached INR671.

Apple's iPhone manufacturing in India has reached new heights, achieving over $10 billion in FOB value within the first seven months of FY25. This represents a 37% increase from the previous year, with 70% of production being exported.

Apple achieved $10 billion in iPhone production in India during April-October 2024. $7 billion worth of iPhones were exported. This represents a 37% increase compared to the same period last year. October 2024 saw over $2 billion in iPhone production.