The craze for Apple’s iPhone is increasing day by day. People queue for hours as soon as a new iPhone is launched, and now this trend is being seen in smartphone exports as well. Apple has achieved around Rs 60 billion (about $7 billion) from smartphone exports in the first seven months of the current financial year (April to October), marking a new record in its history. .
Growing contribution of manufacturing industry in India
Apple has moved its manufacturing to India under the Government of India’s Production Linked Incentive (PLI) scheme. Starting October 2024, Apple has started manufacturing the iPhone 16 Pro and Pro Max in India. Following this, now Apple is exporting not only the iPhone 14, iPhone 15 and iPhone 16 from India but also the iPhone Pro and Pro Max models for the first time. The price of these models is 1.5 to 2 times more than other models.
There was also an increase in the tablet market.
Industry experts estimate that Apple could shift a large portion of its global iPhone production to India by 2026. Apart from this, the tablet market is also seeing a boom in India. According to Cyber Media Research (CMR) report, the Indian tablet market grew 46% year-on-year in the July-September quarter, with Apple’s iPad leading the way with a 34% market share.
The proportion of 5G smartphones increased
The share of 5G smartphones in the Indian smartphone market has reportedly increased from 57% last year to 83% now. However, the average selling price (ASP) of 5G smartphones has decreased by 20% year-on-year to around Rs 24,600.
Decreased share of Samsung and Vivo
During this period, Samsung and Vivo have seen a decline in their market share, while Oppo has benefited the most from this change. At the same time, the market for tablets priced between Rs 20,000 and Rs 30,000 has seen a growth of 108% annually, clearly showing that the inclination of Indian consumers is now also moving towards these products.
Increasing exports and production is a great achievement for India.
Let us tell you that Apple’s increase in smartphone exports and production from India is a great achievement. Apple’s move regarding iPhone manufacturing in India may prove important for the Indian economy and the smartphone market. Furthermore, the increasing market share of 5G smartphones and tablets also shows that the Indian market is now becoming a major hub for technology products.
