Apple has achieved a landmark feat in India: its iPhone production between April and October of FY25 has reached a freight on-board value of $10 billion approximating ₹84,000 crore.

It is 37% higher year-on-year than the same period of FY24, again largely driven by the production-linked incentive scheme of the Indian government. The majority of those iPhones were shipped abroad; homegrown demand was minimal.

iPhone Production Soars: New Heights in India

Apple's iPhone Production in India Surges to $10 Billion

As Business Standard reports, the IT Minister of India, Ashwini Vaishnaw, posted on X, formerly Twitter, the details of Apple's expansion of production capabilities based on the report.

The FoB value of $10 billion gives an estimated value of $15 billion (₹1,00,000 crore) in terms of sales, distribution, marketing, and more.

In October alone, the iPhone maker managed to touch a production milestone of $2 billion (₹16,000 crore). This is in addition to another record-breaking achievement from Cupertino-based tech giants in India.

PLI Scheme Powers Apple's Growth

India's PLI scheme is what helped spur Apple's investments and increase its production capacity. Of the capacity Foxconn has with Apple in India, 56% of the total stands with the company as the principal partner for the manufacturer. Tata Group, 30% from after purchasing Wistron's plant; and Pegatron, with 14%.

The strong and active ecosystem has not only helped Apple increase its manufacturing but also provided employment opportunities significantly. In the last four years, Apple has provided 175,000 jobs in India, with more than 72% of the women workforce, showing they hire inclusively.

Exports Drive Revenue Growth

Of the total worth of production, around $7 billion (₹59,000 crore) in iPhones were exported to international markets. Considering India as a significant manufacturing hub and aligning with its move to de-concentrate from China, Apple is working towards reducing its dependence on the country for exports.

Apple Going Aggressive With iPhone Production in India

Gadgets 360 reports that Apple is planning aggressive growth in India. It wants to achieve a FoB production value of $18 billion (₹1,50,000 crore) in FY25, which can emerge as a staggering $25 billion (₹2,10,000 crore) considering sales and distribution.

Apple's success in India clearly demonstrated the growing importance of the country as a global manufacturing hub. Well, this is a good alternative to China, a market on which Apple heavily relied before.

The tech titan is building up long-term success in one of the world's largest and fastest-growing smartphone markets through this investment.

The expansion by the iPhone maker shows how confident it is about the potential of India and its ability to capture local and international markets. Truth be told, we could see India as an established hub for Apple devices—a few years from now.

India also proved that its delivery platforms care a lot about Apple and its customers when they competed for the fastest iPhone 16 delivery a few months ago.

One company Blinkit reportedly sold 300 iPhone 16 units within four hours. The 10-minute delivery became the trend when the new iPhone model debuted. The e-commerce battle is getting crazier in the country.

It's even better since it's not only limited to iPhones or gadgets alone. Even the late-night grocery item can be catered especially if you need one as soon as possible.