Oct 4 (Reuters) - Apple Inc's iPhone exports
from India crossed $1 billion in five months since April,
Bloomberg News reported on Tuesday, reflecting the tech giant's
growing bet on the South Asian nation amid New Delhi's push for
The outbound shipments of India-made iPhones, mainly to
Europe and the Middle East, are set to reach $2.5 billion in the
12 months through March 2023, almost double when compared to the
year through March 2022, the report said, citing sources.
Apple started making the iPhone 13 in India earlier this
year, and the company
last week its plans to manufacture the latest iPhone 14.
The tech giant has been manufacturing iPhones in India from
The devices exported from India from April to August
this year comprise iPhone 11, 12 and 13 models, Bloomberg said.
The report comes as Apple seeks to shift some areas of
iPhone production from China to other markets
, the second biggest smartphone market in the world, where
it is also planning to assemble iPad tablets.
India and countries such as Mexico and Vietnam are
increasingly turning important to contract manufacturers
supplying to American brands as they seek to diversify
production away from China, amid COVID-related lockdowns and
simmering tensions between Washington and Beijing.
Apple did not immediately respond to Reuters's request
(Reporting by Rhea Binoy in Bengaluru; Editing by Dhanya Ann