Apple iPhone Exports from India Doubled Between April and August – Rajkotupdates.news
According to recent news, Apple has doubled its iPhone exports from India between April and August. The Rajkotupdates.news report suggests that the exports of Apple iPhones manufactured in India increased from 1.6 million units in April to 3.6 million units in August. This significant growth in exports of Apple iPhones from India indicates the success of Apple’s manufacturing operations in India.
Why Apple is Manufacturing iPhones in India?
Apple started manufacturing iPhones in India back in 2017. One of the primary reasons behind this move was to reduce the cost of production and increase profitability. India offers a vast pool of skilled labor at a lower cost compared to other countries, making it an attractive destination for manufacturing operations. Additionally, India also provides tax incentives and other benefits to companies that set up their manufacturing operations in the country.
Apple’s Performance in India
India is the world’s second-largest smartphone market, and Apple has been trying to increase its market share in the country for years. However, Apple has faced several challenges in India, including high import taxes, local sourcing norms, and a lack of significant retail presence. Despite these challenges, Apple has been steadily increasing its market share in India.
According to Counterpoint Research, Apple’s market share in India grew from 2% in Q2 2020 to 4% in Q2 2021. Additionally, Apple has been expanding its retail presence in the country by opening more retail stores and partnering with local distributors.
Boost to India’s Manufacturing Sector
Apple’s manufacturing operations in India have not only benefited the company but also provided a significant boost to India’s manufacturing sector. With Apple’s manufacturing operations in India, the country has become a hub for smartphone manufacturing. Other smartphone companies such as Samsung, Xiaomi, and Oppo have also set up their manufacturing operations in India, contributing to the growth of India’s manufacturing sector.
India’s Prime Minister, Narendra Modi, has been promoting the “Make in India” initiative, which aims to boost manufacturing in the country and make India a global manufacturing hub. Apple’s manufacturing operations in India have provided a significant boost to this initiative, and the Indian government has been actively promoting foreign companies to set up their manufacturing operations in the country.
You can read this similar topics article:
Rajkotupdates.news: apple iphone exports from India doubled between April and August
Conclusion
In conclusion, the recent growth in Apple iPhone exports from India between April and August is a clear indication of the success of Apple’s manufacturing operations in India. Apple’s decision to manufacture iPhones in India has not only helped the company increase its profitability but has also provided a significant boost to India’s manufacturing sector. With India’s skilled labor pool, tax incentives, and government support, India has become an attractive destination for foreign companies looking to set up their manufacturing operations. Apple’s success in India is a testament to the potential of India’s manufacturing sector, and it will be interesting to see how other companies follow Apple’s footsteps and invest in India’s manufacturing industry.
