Export of iPhones from India hits record ₹20,000 cr in Q1: Report

iPhone exports from India hit a record high of ₹20,000 crore in April-June 2023 quarter, equivalent to half of Apple's exports from India in whole of FY23, Business Standard reported. This is a nearly 400% rise from iPhones worth ₹4,950 crore exported in Q1 FY23. Apple's three vendors in India have also committed exports worth ₹61,000 crore in FY24.