Against $1.3 billion in FY22, $1-bn of iPhones exported in Apr-Aug | Business News,The Indian Express
In the first five months of this fiscal, the average is nearly double of last year at $200 million per month. At this rate, Apple is likely to close FY23 at exports worth around $2.5 billion or even higher.
In the first five months of this fiscal, the average is nearly double of last year at $200 million per month. At this rate, Apple is likely to close FY23 at exports worth around $2.5 billion or even higher. This is because the $1 billion exports does not include iPhone 14 exports, since production of the made-in-India iPhone 14 began only at the end of September. Once it joins the list of exports from India, the average exports will rise further.
Most of the increase in the first five months of the current fiscal is from Apple’s contract manufacturers Foxconn and Wistron. Another contract manufacturer, Pegatron is contributing to exports of iPhone 12. FE
Sony-Zee merger gets conditional approval from Competition Commission of India
Rating: 5