'Made in India' iPhones make Apple's 70% domestic market sales

According to sources in the know, Apple value addition in the country for mobile devices currently was around 15 per cent

In a major push towards ‘Make in India’, Apple Inc is manufacturing 70 per cent of the mobile phones, in value terms, that it sells in the domestic market, in India, according to sources aware of the development.

This is a sharp rise from the figure of 30 per cent just two years ago and marks a major shift in Apple’s strategy following the government’s Production Linked Incentive (PLI) scheme that kicked off in FY’21.One of Apple’s three vendors here, Foxconn, is currently manufacturing the best-selling model, the Apple 11, along with the Apple 10 and the Apple 12. Another