Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar
9 months ago

Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar

India TV News  

Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday announced that the production-linked incentive scheme is scaling new heights every day on production, exports, and jobs. He also said that Apple has produced over Rs 1 lakh crore worth of iPhones in 11 months of FY 24 under the PLI scheme. “PM @narendramodi ji's visionary PLI Scheme scaling new heights everyday on production, exports and jobs. Image Source : RAJEEV CHANDRASEKHAR XRajeev Chandrasekhar According to the industry body, India Cellular & Electronics Association, mobile phone production, in value terms, surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh crore in FY24, registering over 20 fold increase.

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History of this topic

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year
1 week, 1 day ago

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year

Firstpost  

India’s smartphone PLI scheme has been a game-changer, transforming the sector from the country’s 23rd-ranked export in 2019 to the third-largest individual commodity export today Apple emerged as the frontrunner in November, with exports worth Rs 14,000 crore, the highest ever for the company in India. Image Credit: Reuters India’s smartphone exports have reached an unprecedented milestone, crossing the Rs …

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw
3 weeks, 6 days ago

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw

Firstpost  

The PLI scheme continues to play a pivotal role in attracting global tech giants like Apple to India, bolstering the country’s position as a key player in the global electronics manufacturing ecosystem Apple’s expansion in India shows no signs of slowing down. Image Credit: Firstpost | Mehul Reuben Das India’s iPhone production has hit a remarkable milestone, surpassing $10 billion …

Government to offer USD 500 crore incentive to further localise smartphone production
1 month ago

Government to offer USD 500 crore incentive to further localise smartphone production

India TV News  

India is planning to offer significant financial incentives, up to USD 500 crore, to encourage companies to produce parts locally for a variety of electronic devices, including mobile phones and laptops. Over the past six years, India’s production of electronics has more than doubled, reaching approximately USD 11,500 crore in 2024. India has set an ambitious goal to increase its …

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales
1 month ago

Apple India revenue rises 36% to ₹67,122 crore in FY24, driven by iPhone sales

Live Mint  

Apple India reported a revenue of ₹67,121.6 crore for the financial year ended March 2024, up 36% from a year earlier, driven by higher iPhone sales. For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road …

Apple sets record as Indian smartphone market expands by 5.6 per cent in Q3 2024
1 month, 1 week ago

Apple sets record as Indian smartphone market expands by 5.6 per cent in Q3 2024

India TV News  

The Indian smartphone market grew 5.6 per cent year-on-year in Q3 2024, with shipments reaching 46 million units, according to IDC's data. Apple recorded its highest-ever quarterly shipments in India, capturing an 8.6% market share, up from 5.7 per cent in Q3 2023. Surge in 5G Smartphone Shipments 5G smartphones accounted for 83 per cent of total shipments, up from …

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India
1 month, 1 week ago

Apple’s record 4 million unit sales helps tech giant post its largest quarter growth in India

Firstpost  

The Indian smartphone market overall grew by 5.6 per cent year-over-year, marking its fifth consecutive quarter of positive growth. While Apple made headlines with its impressive numbers, Vivo maintained its position as the market leader, holding 15.8 per cent of the total market share The premium smartphone segment, comprising devices priced between $600 and $800, witnessed the most significant growth, …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

Samsung, OnePlus woes threaten premium smartphone growth in India
1 month, 1 week ago

Samsung, OnePlus woes threaten premium smartphone growth in India

Live Mint  

NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors. Read this | Diwali smartphone sales revive budget phones—for now “Samsung’s premium devices saw a clear downturn in demand from buyers during the festive period, even though it did strongly in the budget 5G …

Apple's India Expansion: A Strategic Shift Away from China
1 month, 3 weeks ago

Apple's India Expansion: A Strategic Shift Away from China

Firstpost  

Apple's expansion of its manufacturing base in India has gained significant attention, with the tech giant exporting nearly $6 billion worth of iPhones between April and September 2024. This represents a one-third increase in value compared to the same period last year, setting Apple on track to exceed $10 billion in exports by the end of the fiscal year. The …

India-made iPhone 16 Pro to hit global market
3 months, 2 weeks ago

India-made iPhone 16 Pro to hit global market

Op India  

On 9th September, Apple launched its new iPhone 16 Pro and iPhone 16 Pro Max models. The phone comes with a 6.3-inch display for iPhone 16 Pro and 6.9 inches for the Pro Max, and the bezels have been thinned for a more immersive experience. Made-in-India models to reach global shelves With the launch of Apple’s new iPhone models, India …

Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production
4 months, 1 week ago

Apple fastest growing firm in India over the last 50 years, ​contributes 14 per cent to tech giant’s total production

Firstpost  

India’s role in Apple’s global production has grown substantially. This growth not only highlights Apple’s expanding influence in India but also marks it as the largest global value chain operating within the country, surpassing other multinational corporations. According to a recent Economic Survey, India now contributes approximately 14 per cent to Apple’s total production, a sharp increase from the 7 …

'Made in India' telecom equipment now being exported to over 100 countries: Centre
4 months, 3 weeks ago

'Made in India' telecom equipment now being exported to over 100 countries: Centre

India TV News  

The Indian government has stated that telecom equipment designed and manufactured in India are now being exported to over 100 countries. Madhu Arora, Member of the Digital Communications Commission, Department of Telecom, mentioned that many Indian telecom companies have achieved success in Western nations, including the US, despite tough global competition. Madhu Arora emphasised that Information and communications technology plays …

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster
5 months, 2 weeks ago

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster

India TV News  

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive scheme, by creating more than 17,800 direct jobs and many more indirect jobs. The statement was stated by the government on Wednesday, where it stated that within three years of the telecom PLI scheme, it has attracted an investment of Rs 3,400 crore. Furthermore, telecom equipment …

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions
6 months, 1 week ago

India's electronics sector loses ₹1.25 lakh crore due to India-China tensions

Hindustan Times  

Escalating tensions with China are said to have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, the Economic Times reported. In submissions to various ministries, the electronics manufacturing industry said India has also lost out on a $10 billion export opportunity besides $2 billion in value addition loss, according …

Apple exports iPhones worth over Rs 16,500 crore in April-May from India
6 months, 1 week ago

Apple exports iPhones worth over Rs 16,500 crore in April-May from India

India TV News  

Apple has reportedly achieved a significant milestone of exporting the ‘made in India’ iPhones which was worth more than Rs 16,500 crore in the first 2 months of the ongoing financial year. FY24 success and record production Apple has concluded FY24 with a substantial iPhone production value of around USD 14 billion in India. Strengthening domestic manufacturing Highlighting India’s growing …

Here's what Tim Cook said after seeing Apple's growth in March quater in India
7 months, 3 weeks ago

Here's what Tim Cook said after seeing Apple's growth in March quater in India

India TV News  

During an analyst call announcing its fiscal 2024 second quarter results with revenue of $90.8 billion, Apple's CEO, Tim Cook, shared that the company experienced strong double-digit growth in India in the March quarter. Cook said that the company is continuing to expand its channels and also working on the developer ecosystem in India as well. Cook said that the …

Hiring now! Apple may create 500,000 jobs in India
8 months ago

Hiring now! Apple may create 500,000 jobs in India

Hindustan Times  

Apple has been trying to diversify its manufacturing base away from China after facing huge difficulties during the Covid-19 pandemic when the production of iPhone and other gadgets came under intense pressure. It has been reported that Apple, via its vendors, may create over 500,000 jobs in India over the next three years, news agency PTI reported quoting government sources. …

Apple set to scale up production India, employ 5 lakh people in next 3 years
8 months ago

Apple set to scale up production India, employ 5 lakh people in next 3 years

Live Mint  

iPhone maker Apple is set to scale up its production in India through vendors and is expected to employ around 5 lakh employees from the country in the next three years, the sources from the government revealed on Sunday. The fresh plans around hiring will be a significant boost from the current level of 1.5 lakh Apple employees in India, …

Apple shows the way for electronics exports
8 months, 1 week ago

Apple shows the way for electronics exports

Hindustan Times  

At $10 billion in FY24, exports of India-assembled iPhones have doubled from the previous fiscal. While the iPhone instance is evidence of policies such as the PLI for smartphones working, India must do more to convince the world that it has the makings of a preferred China+1 destination for electronics exports. At present, the world may seem more inclined towards …

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion
8 months, 2 weeks ago

Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion

Hindustan Times  

Apple increased its iPhone production in India as the company assembled $14 billion worth of iPhones in fiscal 2024, Bloomberg reported. Foxconn and Pegatron, two major Taiwanese manufacturers, played a significant role in boosting Apple's production output in India. China is the largest iPhone-making hub in the world but Apple is ramping up iPhone production in India as it strategically …

Apple Ecosystem Generated More Than 1.5 Lakh Jobs, Under PLI, Since 2021, In India: Report
8 months, 3 weeks ago

Apple Ecosystem Generated More Than 1.5 Lakh Jobs, Under PLI, Since 2021, In India: Report

ABP News  

Since the introduction of the government's production-linked incentive scheme for smartphones in August 2021, the Apple ecosystem has directly provided employment to more than 150,000 individuals, said a new report by The Economic Times on Monday. Moreover, the rapidly expanding Apple supplier ecosystem has led to the creation of over 70,000 new direct jobs. This comes days after Union Minister …

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know
9 months, 2 weeks ago

India Nears Rs 20 Lakh Crore Mobile Production Target: All You Need To Know

News 18  

India is close to achieving the target of Rs 20 lakh crore worth mobile phone production in the last 10 years, while crossing Rs 1.20 lakh crore worth phone exports in the current fiscal year — a whopping 7,500 per cent increase in exports over a decade — top electronics industry body India Cellular and Electronics Association said on Thursday. …

Apple gets record shipments in India. This iPhone is sold most
10 months, 1 week ago

Apple gets record shipments in India. This iPhone is sold most

Hindustan Times  

In the October- December quarter, Apple achieved record shipments in the Indian smartphone market, capturing a 7 per cent market share, according to Canalys research. The report says that Indian smartphone vendors capitalised on robust festival season demand, propelling Q4 shipments to an impressive 3.89 crore units, representing a substantial 20 per cent year-on-year rebound. Additionally, discounts on the previous-generation …

Apple tops India smartphone revenue in 2023, nears $10 bn mark
10 months, 3 weeks ago

Apple tops India smartphone revenue in 2023, nears $10 bn mark

Live Mint  

Apple is projected to have pipped Samsung for the top spot in terms of revenue with almost one-third of Samsung’s total shipment volume—while Apple is said to have shipped just over 10 million iPhones last year, Samsung shipped over 27.3 million to capture 18% of the market. iPhone-maker Apple marked 2023 as the first year when it topped the smartphone …

Import duty on mobile phone components cut to 10% from 15%
10 months, 3 weeks ago

Import duty on mobile phone components cut to 10% from 15%

Live Mint  

The Centre has reduced import duty on parts used for mobile phone manufacturing to 10% from 15%, in a move to push mobile phone manufacturing in India amid the country's larger focus on exports and becoming a player in global supply chains. Building scale, riding on low input tariffs is key to transforming India into a global hub for electronics …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
11 months, 2 weeks ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

Apple warns India's EU-style charger rules will hit local production target
1 year ago

Apple warns India's EU-style charger rules will hit local production target

Live Mint  

NEW DELHI : Apple has told India that its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. In a closed-door meeting on November 28 chaired by India's IT ministry, Apple asked …

Chip off the block: The Hindu Editorial on semiconductor fabrication in India
1 year, 1 month ago

Chip off the block: The Hindu Editorial on semiconductor fabrication in India

The Hindu  

As funds for production-linked incentives for manufacturing semiconductors lie under-utilised by upwards of 80%, the Union government must be far clearer on what it has achieved — and aims to accomplish — by continuing to spend crores of rupees on bringing more semiconductor fabrication capabilities to India. But the central wager with these schemes, at much cost to the exchequer, …

Smartphone manufacturing: How 'Make in India' is marking a difference
1 year, 1 month ago

Smartphone manufacturing: How 'Make in India' is marking a difference

Firstpost  

The decisions by the likes of Apple, Foxconn and Micron to either expand or establish their India presence could not have come at a better time As India is looking to become the third largest economy in the world in the coming years, cutting-edge technologies across 5G/6G, satellite communication and semiconductors will contribute towards this growth. More than 90 per …

1.5 Million iPhones Were Sold In India During Festive Sales In October
1 year, 2 months ago

1.5 Million iPhones Were Sold In India During Festive Sales In October

News 18  

Apple continues to make merry in India and most of the demand is coming for the older iPhone models in the country once again. That’s right, millions of people have bought the iPhone 14, iPhone and even the iPhone 12 models over the past few weeks thanks to the special festive online sales. The details come via a report from …

India emerges as second-largest global hub for mobile phone manufacturing
1 year, 2 months ago

India emerges as second-largest global hub for mobile phone manufacturing

India TV News  

India has risen to become the world's second-largest manufacturing hub for mobile phones, largely attributed to significant investments from original equipment manufacturers, original design manufacturers, and companies specializing in mobile components and parts, according to a recent report. This development is a significant boost to India's "Make in India" initiative, with recent data from government and industry sources revealing mobile …

Apple to scale up production over 5 times in India to USD 40 billion in five years
1 year, 3 months ago

Apple to scale up production over 5 times in India to USD 40 billion in five years

India TV News  

iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion in the next 4-5 years, according to government sources. "Apple has plans to increase production in India to over USD 40 billion in the next 4-5 years. The company globally sold iPhones worth USD 191 billion and products worth USD 38.36 …

Explained | The debate over India’s smartphone manufacturing dreams
1 year, 4 months ago

Explained | The debate over India’s smartphone manufacturing dreams

The Hindu  

The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. It started when Mr. Rajan, along with two other economists, released a brief discussion paper arguing that the programme isn’t really …

Apple Supplier Foxconn Begins iPhone 15 Production in India
1 year, 4 months ago

Apple Supplier Foxconn Begins iPhone 15 Production in India

Deccan Chronicle  

Apple Inc.’s next-generation iPhone 15 is beginning production in Tamil Nadu, in an effort to further narrow the gap between its India operations and main manufacturing base in China. “Apple’s increased production in India will lead to more of its supply chain moving to the country,” said Shilpi Jain, a senior analyst at Counterpoint Research. Other Apple suppliers in India …

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report
1 year, 4 months ago

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report

India TV News  

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate, the latest research showed on Monday. "Local value addition in India currently stands at an average of more than 15 per cent, compared to the low single digits eight years ago," he informed. "Going forward, we may …

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone
1 year, 4 months ago

Apple achieves June quarter record in India with strong iPhone sales, says Tim Cook iPhone

India TV News  

Apple's CEO Tim Cook announced that the company achieved record-breaking June quarter results in India, driven by strong iPhone sales. Apple's local manufacturing also achieved record-breaking success, with iPhone exports reaching Rs 10,000 crore in May, contributing to total mobile shipments of Rs 12,000 crore that month. Luca Maestri, Apple's CFO, highlighted an all-time revenue record for iPhone in India …

Come August, Your iPhone to Be TATA Manufactured!
1 year, 5 months ago

Come August, Your iPhone to Be TATA Manufactured!

Deccan Chronicle  

Come August, the Tata Group, one of the India’s oldest & largest conglomerates will have another feather in its cap. The factory is valued around $600 million plus, employs around 10,000 people who assemble here the latest model from the iPhone stable – iPhone 14. Tata group already manufactures the iPhone chassis, the metal casing of the device at its …

Apple secures $3 trillion valuation for second time in iPhone maker's history
1 year, 5 months ago

Apple secures $3 trillion valuation for second time in iPhone maker's history

The Telegraph  

Apple has become a $3 trillion company for the second time in its history as consumers continue to snap up its iPhones despite the cost-of-living crisis. Apple previously briefly notched a $3 trillion market value in January 2022, but failed to maintain that momentum and its shares later fell on the back of supply chain challenges and lockdowns in China. …

Apple’s ‘Dil Maange More’: Wants to increase global iPhone production in India to 18% by 2025
1 year, 6 months ago

Apple’s ‘Dil Maange More’: Wants to increase global iPhone production in India to 18% by 2025

Firstpost  

It seems that Apple wants to place some big bets on its Indian factories, and the local, Indian companies that it has partnered up with. The tech giant wants to increase India’s share in the global production of iPhones from 7% to 18% by 2025 Apple is really pushing to increase its organic presence in India. Apple recognises India’s emerging …

Apple Likely To Shift 18 Per Cent Of iPhone Production In India By FY25: Bank Of America
1 year, 6 months ago

Apple Likely To Shift 18 Per Cent Of iPhone Production In India By FY25: Bank Of America

ABP News  

US tech giant Apple may shift over 18 per cent of its global production of iPhones to India by 2024-25 on the back of the government’s production-linked incentive scheme for mobile phones, Bank of America said in a report. India's share in global iPhone production in FY23 stood at 7 per cent. According to the BoFA report the Rs 38,000-crore …

Apple India Records Rs 50 Crore In Sales Thanks To New Store Launches In Mumbai And Delhi
1 year, 6 months ago

Apple India Records Rs 50 Crore In Sales Thanks To New Store Launches In Mumbai And Delhi

News 18  

Apple India has reportedly made around Rs 50 crore in sales thanks to the new store launches in Mumbai and Delhi. The report from ET quoting sources say that both the Mumbai and Delhi Apple stores have garnered big sale openings in just a few weeks since they were opened to customers in the country. The report says that both …

From mobile phones to chips, India manufacturing enters golden era
1 year, 6 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Apple Inc bets big on India as it opens first flagship store
1 year, 8 months ago

Apple Inc bets big on India as it opens first flagship store

Associated Press  

NEW DELHI — Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company’s growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. The company’s CEO Tim Cook posed for photos with a few of the 100 or so Apple fans who had lined up …

Apple makes strategic move in India, here are some challenges it faces
1 year, 8 months ago

Apple makes strategic move in India, here are some challenges it faces

Live Mint  

Apple Inc. opened its first flagship store in India in a much-anticipated launch Tuesday that highlights the company's growing aspirations to expand in the country it also hopes to turn into a potential manufacturing hub. About 600 million of India's 1.4 billion people have smartphones, “which means the market is still under-penetrated and the growth prospect is huge,” said Neil …

Apple Inc bets big on India as it opens first flagship store
1 year, 8 months ago

Apple Inc bets big on India as it opens first flagship store

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Apple Inc. is set to …

Apple generated over 1 lakh direct jobs in India in 2 years: MoS
1 year, 8 months ago

Apple generated over 1 lakh direct jobs in India in 2 years: MoS

India TV News  

The Apple ecosystem in India has generated over one lakh new direct jobs in manufacturing in the last two years, Minister of State, Electronics and IT, Rajeev Chandrashekhar, said on Tuesday. "Propelled by Prime Minister @narendramodi's visionary PLI scheme @Apple ecosystem has generated over one lakh new direct jobs in manufacturing over the last 24 months," the minister tweeted. Backed …

Apple’s $7 Billion Bet On India: iPhone production triples in India as China loses big time
1 year, 8 months ago

Apple’s $7 Billion Bet On India: iPhone production triples in India as China loses big time

Firstpost  

Apple saw its production in India jump from 1% of all iPhones sold worldwide, to 7%. This has been an impressive feat given that most of Apple’s production facilities in India are still in their nascent stage. Apple has been moving its production facilities away from China and into India and Vietnam. The journey from 1 per cent to 7 …

Apple ramps up iPhone production in India to $7 billion in strategic shift from China
1 year, 8 months ago

Apple ramps up iPhone production in India to $7 billion in strategic shift from China

India TV News  

Apple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp. India produced an estimated 1% of the world's iPhones in 2021 …

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