Apple Inc., the technology giant, has been manufacturing its iPhones in India for a few years now. It started with the iPhone SE model, and now the company has expanded its manufacturing operations to include various other models. According to a recent report by Rajkotupdates.news, the exports of Apple iPhones from India have doubled between April and August of this year. This is an impressive growth that signifies the increasing importance of India as a manufacturing hub for Apple.
The Apple iPhone Story in India:
Apple has always been very selective about the countries where it manufactures its products. In recent years, India has emerged as a significant market for Apple. The company’s market share in India is not as high as that in China or the United States, but it has been growing steadily. In 2020, Apple had a 2% share of the Indian smartphone market, up from 1% in 2019. This growth is expected to continue, with the Indian smartphone market projected to grow at a compound annual growth rate of 7.9% from 2021 to 2026.
The Apple iPhone Exports from India:
According to the report by Rajkotupdates.news, Apple exported around 3.5 million iPhones from India between April and August of this year. This is double the number of iPhones exported during the same period in 2020. This is a significant increase, and it is a testament to the growing importance of India as a manufacturing hub for Apple.
The Reasons Behind the Growth of Apple iPhone Exports from India:
There are several reasons behind the growth of Apple iPhone exports from India. One of the primary reasons is the Indian government’s focus on promoting local manufacturing under its Make in India initiative. The government has been providing various incentives and subsidies to companies that manufacture their products in India. Apple has taken advantage of these incentives and set up a manufacturing plant in India.
Another reason is the ongoing trade tensions between the United States and China. The United States and China have been engaged in a trade war for the past few years, and this has led to a shift in manufacturing operations from China to other countries. India has emerged as a significant beneficiary of this shift, with many companies, including Apple, shifting their manufacturing operations to India.
Finally, the COVID-19 pandemic has also played a role in the growth of Apple iPhone exports from India. The pandemic has disrupted global supply chains, and many companies have had to look for alternative manufacturing locations. India has emerged as a viable alternative due to its large pool of skilled labor, low-cost manufacturing, and a favorable business environment.
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Rajkotupdates.news:apple iphone exports from India doubled between April and august
The growth of Apple iPhone exports from India is an encouraging sign for the Indian economy. It demonstrates that India has the potential to become a significant manufacturing hub for high-tech products like smartphones. Apple’s decision to manufacture iPhones in India has created jobs, boosted the local economy, and strengthened India’s position in the global supply chain. As the Indian government continues to promote local manufacturing, we can expect to see more companies shifting their manufacturing operations to India in the coming years.