India exported smartphones worth Rs 12,000 cr in May; 80% were iPhones

Out of the total smartphone exports of Rs 12,000 crore in May, Indian outward shipments of iPhones stood at Rs 10,000 crore, a report by The Economic Times (ET) stated, citing data from the India Cellular and Electronics Association (ICEA).

In 2022-23 (FY23), India exported iPhones worth $5 billion. It was the first brand to achieve this milestone in India. But in the first two months of FY24 alone, the iPhone exports from India stand at over Rs 20,000 crore ($2.4 billion). In the same period last year, India exported Apple phones worth Rs 9,066 crore.