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India Set to Power Apple's $40 Billion iPhone Exports

5/20/2025

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Summary

Story summary

India is rapidly becoming a vital manufacturing powerhouse for Apple, with plans to produce the majority of iPhones sold in the US from its shores. By FY26, iPhone exports could soar to an impressive $40 billion. While the overall smartphone market faced a 5.5% decline, Apple thrived with a remarkable 23% growth, fueled by the iPhone 16's soaring popularity.

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Story summary

India is rapidly becoming a vital manufacturing powerhouse for Apple, with plans to produce the majority of iPhones sold in the US from its shores. By FY26, iPhone exports could soar to an impressive $40 billion. While the overall smartphone market faced a 5.5% decline, Apple thrived with a remarkable 23% growth, fueled by the iPhone 16's soaring popularity.