Swarajya Logo
Swarajya Logo
Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Our Views
    Politics States Economy Society Business Culture Infra Defence World Books Ideas Science Technology Heritage Archives Legal Movies Sports
  • Magazine
  • Store

About Swarajya

Swarajya is a publication by Kovai Media Private Limited.

Swarajya - a big tent for liberal right of centre discourse that reaches out, engages and caters to the new India.

editor@swarajyamag.com

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Useful Links

  • About Us
  • Subscriptions Support
  • Editorial Philosophy
  • Press Kit
  • Privacy Policy
  • Terms of Use
  • Code of Conduct
  • Plagiarism Policy
  • Refund & Cancellation Policy

Participate

  • Contact Us
  • Write for us
  • Style Guide
  • Jobs

Stay Connected

  • Artboard 2 Copy 6Created with Sketch.
    Artboard 2 Copy 10Created with Sketch.
    Artboard 2 Copy 7Created with Sketch.
    Artboard 2 Copy 9Created with Sketch.
  • Andriod Logo
  • IOS Logo

Business

Apple's India Expansion: iPhone Maker Sets Sights On $40 Billion Production In Next Five Years

Swarajya News StaffMonday, September 25, 2023 10:16 am IST
Apple CEO Tim Cook
Apple CEO Tim Cook
Apple CEO Tim Cook

As per government sources, Apple intends to increase its production in India by over five times to approximately $40 billion (about Rs 3.32 lakh crore) in the next four to five years.

The iPhone maker has already surpassed the $7 billion production milestone in the previous fiscal year.

News agency PTI reported this development.

Apple currently manufactures iPhones in India and plans to begin manufacturing Airpods next year. However, there are no immediate plans to produce iPads or laptops in the country.

As per an official who spoke to PTI and didn't wish to be named, Apple does not currently have plans to participate in the IT hardware PLI (production-linked incentive) scheme. They may consider it in the future, but for now, their focus is on expanding their existing production levels.

In the financial year which ended on 25 September 2022, Apple achieved impressive global sales of iPhones, totalling $191 billion.

Additionally, the company sold $38.36 billion worth of products in the wearable, home, and accessories segment.

During the first nine months of the current calendar year, Apple experienced a slight decline in iPhone sales, with a 4 per cent dip, amounting to $156.77 billion.

The wearable, home, and accessories segment also saw a slight decrease, reaching $30.52 billion.

Apple has now become the leading exporter of mobile phones from India.

Industry sources report that the launch day sales of Apple's iPhone 15 series showed an impressive 100 per cent growth compared to the previous iPhone 14 series.

Apple has introduced the iPhone 15 series, consisting of four models. The iPhone 15 and iPhone 15 Plus variants are being manufactured in India.

For the first time, Apple has made the 'made-in-India' iPhones available on the same day as the global release.

India is now one of the top five markets for the company which dominates the ultra-premium segment.

Tags
Apple
Apple India
Apple CEO Tim Cook
iPhone 15 launch in India

Comments ↓

An Appeal...


 

Dear Reader,

 

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

 

Our business model is you and your subscription.  And in challenging times like these, we need your support now more than ever.

 

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

 

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Get Swarajya in your inbox.


Magazine


Swarajya Magazine Cover Image
Merchandise

Merchandise


    Politics

    Lok Sabha MP Danish Ali, Who Protested Against Mahua Moitra's Expulsion, Suspended By BSP For Indulging In 'Anti-Party Activities'

    Lok Sabha MP Danish Ali, Who Protested Against Mahua Moitra's Expulsion, Suspended By BSP For Indulging In 'Anti-Party Activities'

    Swarajya Staff
    2h

    MoS External Affairs Meenakshi Lekhi Denies Signing Lok Sabha Reply On Designating Hamas As Terror Organisation

    Swarajya Staff
    4h

    Hadiya, Woman At Centre Of Kerala Conversion Controversy, Says She Has Remarried

    Swarajya Staff
    6h

    Economy

    Enough Of Big Bang Reforms? No Major Announcements In Next Budget, "Wait Till July 2024", Says Nirmala Sitharaman

    Enough Of Big Bang Reforms? No Major Announcements In Next Budget, "Wait Till July 2024", Says Nirmala Sitharaman

    Nishtha Anushree
    2d

    ₹58,378 Crores! Govt Set To Open Taps On Additional Welfare Spending With 2024 In Mind

    Swarajya News Staff
    3d

    India Anticipated To Be Fastest Growing In Next Three Years, Set to Become Third Largest Economy By 2030: S&P

    Nishtha Anushree
    4d

    Defence

    On This Day, In 1971, Indian Navy Once Again Targeted Karachi While Airlift At Meghna Put India Ahead In The Race Towards Dhaka

    On This Day, In 1971, Indian Navy Once Again Targeted Karachi While Airlift At Meghna Put India Ahead In The Race Towards Dhaka

    Ujjwal Shrotryia
    3h

    On This Day, In 1971, Indian Military Keeps Up Pressure: With Intense Armour Clashes In Western Pakistan, While Second Naval Raid On Karachi Looms

    Ujjwal Shrotryia
    1d

    Indian Army Sets Sight On Future: Developing AI And Cybersecurity Tech; Can Now Interpret Enemy's Electronic Order Of Battle

    Swarajya Staff
    1d

    World

    After Becoming Longest-Serving President, Putin Announces Running For Election In Russia Again

    After Becoming Longest-Serving President, Putin Announces Running For Election In Russia Again

    Nishtha Anushree
    1d

    Maldives Skips Key Indian Ocean Security Meet With India And Other Neighbours, Opts For Chinese Forum Amidst Growing Tilt

    Swarajya Staff
    1d

    Azerbaijan President Accuses India And France Of Fuelling Armenia's Fire Of 'Revenge' For Loss In Nagorno-Karabakh War

    Swarajya Staff
    1d

    Culture

    From Jodhpur To Ayodhya On Bulls, Preserved Through Herbs: The Story Of Ghee To Be Used For Ram Lalla's First Aarti

    From Jodhpur To Ayodhya On Bulls, Preserved Through Herbs: The Story Of Ghee To Be Used For Ram Lalla's First Aarti

    Nishtha Anushree
    10h

    ‘Garba Of Gujarat’ Declared As Intangible Heritage By UNESCO

    Arun Kumar Das
    2d

    Gujarat's Garba Is Now In List Of UNESCO Intangible Cultural Heritage of Humanity

    Swarajya News Staff
    3d
    States

    infrastructure


    Arun Kumar Das
    1

    Indian Railways To Run 4,500 Vande Bharat Trains By 2047, Says Union Minister Scindia

    2 Mins Read
    Arun Kumar Das
    2

    Path To Prosperity: National Tourism Policy Paves The Way For Economic Boost

    1 Mins Read
    Amit Mishra
    3

    Gurugram: Haryana Government To Incorporate 'New Company' For Millennium City Metro Corridor

    2 Mins Read
    Amit Mishra
    4

    Ayodhya Airport To Be Ready By December End, Says Jyotiraditya Scindia

    2 Mins Read