India iPhone exports crosses $1 billion in 5 months

Apple’s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter, reflecting the tech giant’s growing bet on the nation amid New Delhi’s push for local manufacturing. 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.