Apple Inc’s iPhone exports from India crossed $1 billion in five months since April, Bloomberg News reported on Tuesday, reflecting the tech giant’s growing bet on the South Asian nation amid New Delhi’s push for local manufacturing.

The outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach $2.5bn in the 12 months through March 2023, almost double when compared to the year through March 2022, the report said, citing sources.

Apple started making the iPhone 13 in India earlier this year, and the company announced last week its plans to manufacture the latest iPhone 14.

The tech giant has been manufacturing iPhones in India since 2017.

The devices exported from India from April to August this year comprise iPhone 11, 12 and 13 models, Bloomberg said.

The report comes as Apple seeks to shift some areas of iPhone production from China to other markets including India, the second biggest smartphone market in the world, where it is also planning to assemble iPad tablets.

India and countries such as Mexico and Vietnam are increasingly turning important to contract manufacturers supplying American brands as they seek to diversify production away from China, amid Covid-related lockdowns and simmering tensions between Washington and Beijing.

Apple did not immediately respond to Reuters’ request for comment.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Football elections
17 Nov, 2024

Football elections

PAKISTAN football enters the most crucial juncture of its ‘normalisation’ era next week, when an Extraordinary...
IMF’s concern
17 Nov, 2024

IMF’s concern

ON Friday, the IMF team wrapped up its weeklong unscheduled talks on the Fund’s ongoing $7bn programme with the...
‘Un-Islamic’ VPNs
Updated 17 Nov, 2024

‘Un-Islamic’ VPNs

If curbing pornography is really the country’s foremost concern while it stumbles from one crisis to the next, there must be better ways to do so.
Agriculture tax
Updated 16 Nov, 2024

Agriculture tax

Amendments made in Punjab's agri income tax law are crucial to make the system equitable.
Genocidal violence
16 Nov, 2024

Genocidal violence

A RECENTLY released UN report confirms what many around the world already know: that Israel has been using genocidal...
Breathless Punjab
16 Nov, 2024

Breathless Punjab

PUNJAB’s smog crisis has effectively spiralled out of control, with air quality readings shattering all past...