NEW DELHI: In a fillip to ‘Make in India’ initiative, India noticed cellphones exports price $5.5 billion (over Rs 45,000 crore) within the April-August interval within the ongoing fiscal 12 months (FY24), authorities and trade information confirmed on Wednesday.
As per the estimates by the Division of Commerce and the India Mobile and Electronics Affiliation (ICEA), accessed by IANS, the April-August interval noticed cell phone exports price $5.5 billion, towards $3 billion (about Rs 25,000 crore) in the identical interval in FY22-23.
In keeping with trade sources, Apple led the India-made telephone exports within the April-August interval, surpassing greater than 50 per cent of the entire estimated determine for the primary time, adopted by Samsung.
Within the June quarter, Apple shipped practically 50 per cent of the nation’s complete 12 million smartphone shipments, as in comparison with Samsung’s 45 per cent export, sources instructed IANS.
That is the primary time Apple has surpassed its South Korean counterpart Samsung in smartphone export volumes from the nation, because it noticed strong iPhone 15 sequence gross sales and demand which was over 100 per cent (or 2 instances) as in comparison with final 12 months. India is about to cross Rs 1,20,000 crore in cell phone exports within the present fiscal 12 months, with Apple main the market with greater than 50 per cent in FY24.
Pushed by home manufacturing, Apple iPhones are additionally set to garner 7 per cent market share within the Android-dominated smartphone market this 12 months, in accordance with newest information. Apple iPhone shipments grew 68 per cent (year-on-year) within the first half of this 12 months within the nation.
Within the first half, Apple secured a 6 per cent market share within the Indian smartphone market and dominated the super-premium smartphone phase (priced between Rs 50,000-Rs 100,000) with a strong 63 per cent market share, in accordance with market analysis agency CyberMedia Analysis (CMR).
For the primary time, Apple offered India-made iPhone 15 and 15 Plus on the primary day of its world gross sales, with exporting these items to a couple different markets as nicely. There are estimates that the iPhone 15 shipments within the launch quarter, which heralds the large festive season in India, will hover round 65 per cent, pushed by an elevated ‘Make in India’ initiative.
