Apple's India iPhone Output Soars to $70 Billion by FY26 on Export Boom

• Apple's India iPhone production is projected to hit $70 billion between FY22-FY26, driven by a sharp surge in exports.
• FY26 is expected to be the strongest year, contributing 36% of the total output value, potentially exceeding $25 billion.
• Exports, primarily to the US, account for 70% ($50 billion) of the cumulative output value from India-made iPhones.
• Manufacturing partners like Foxconn and Tata Electronics have significantly expanded local production capacity.
• While initial US tariffs on China boosted India's advantage, the extension of the PLI scheme is now crucial for sustaining export momentum.