Apple bonanza: iPhones drive India’s mobile phone exports to record $15 billion

New Delhi: iPhones powered an over 35% surge in India’s mobile phone exports to a record $15 billion plus in FY24, according to government data seen exclusively by ET. Exports stood at $11.1 billion in FY23.

Apple contributed 65%, or about $10 billion, double the $5 billion of phone exports from India in FY23, when the US major became the first smartphone brand to achieve this feat.