New Delhi: India is becoming an important market for hi-tech companies around the world, last year the production of iPhone in India increased significantly.
Apple has been producing iPhones in India for a long time, but now there has been a significant increase in the production of devices there.
According to a Bloomberg report, Apple produced iPhones worth $9.3 billion in India during the last financial year, overall Apple has increased iPhone production in India by 3 times.
During the fiscal year ending March 2023, Apple exported over $5 billion worth of iPhones from India to other countries, which was 4 times more than in 2021.
The report states that around 7% of Apple\’s 2022 global iPhone will be produced in India.
Earlier in 2021, only one percent of iPhones were produced in India.
The report further states that Apple will try to manufacture the iPhone 15 series in China as well as India.
If this happens, it will be the first time that the new iPhone will be produced in two countries simultaneously.