iPhone Sales Are Booming in India

Apple has been witnessing a growing need for iPhones in Bharat. In 2022, the company sold only almost 5 percent of the total iPhones it manufactured in the state. In 2022, this jumped to 60 percent, and in 2022, it has jumped to a staggering 70 percent of the total iPhone manufactured in the country,

Apple tree initially set an iPhone manufacturing unit in Bharat to cater to local need and export iPhones to nearby markets. However, every bit iPhone demand has increased in the state, most of the iPhones produced by Apple are now beingness sold in India itself.

Just ii years ago, Apple was reportedly simply selling nigh 30 percent of the iPhones it manufactured in the state. That figure has now jumped to 70 per centum. The increase in iPhone production in India tin can be attributed to the Indian government's Production Linked Scheme nether its 'Make in India' program to boost the production of smartphones.

iPhones reportedly agree nearly fifteen percent of the premium smartphone market in India. Thanks to the strong demand, Apple tree's revenues in India are expected to reach $three billion for September'south fiscal year. If that happens, it would be a massive jump since its revenue for the previous fiscal year was less than $2 billion.

Despite the growing demand and manufacturing setup, Apple just produces older iPhones like the iPhone 11, iPhone SE, and others. The iPhone 12 Pro series is still not manufactured in Bharat. Nonetheless, this motility still allows Apple to launch new iPhones early on in India, which will continue with the iPhone 13 series.

Apple tree is at present as well looking to strike component deals that will allow it to procure components required for manufacturing iPhones directly from Indian vendors instead of importing them from Cathay. The company is reportedly in talks with Tata Electronics, a new visitor floated past the Tata Group, for this.

[Via Concern Standard, Patently Apple]