Apple may make iPhones worth ₹47,000 crore in India this fiscal: Report

Apple's contract manufacturers in India are expected to make iPhones worth ₹47,000 crore in FY23, The Economic Times reported. This will be almost five times the ₹10,000 crore worth of iPhones made by Apple's contract manufacturers Foxconn and Wistron in India in FY22, the report added. Earlier this month, Apple's manufacturing partner Foxconn began making iPhone 13 in India.