Apple takes a bigger bite of India's smartphone exports pie: ICEA

Rs 30K-cr worth of iPhones, which is 40% of total exports, shipped out in first 10 months of FY23

Apple has exported Rs 30,000-crore worth of iPhones in the first 10 months of FY23, accounting for over 40 per cent of all smartphones exported from the country.

According to the Indian Cellular and Electronics Association (ICEA), which represents most mobile device makers in the country, the export of smartphones in the first 10 months of FY23 has crossed Rs 70,000 crore, even though domestic sales have been sluggish. According to global market intelligence firm IDC, domestic shipments of smartphones fell over 27 per cent to 29.6 million in the quarter ending December 2022. 

In FY22, Apple exported only Rs