India’s iPhone exports reached a record ₹2 lakh crore in FY26 under the PLI scheme, making Apple the top branded export contributor. Strong manufacturing growth boosted smartphone shipments, while Apple also announced leadership change with John Ternus replacing Tim Cook
Industry data shows a growth of over 50% in exports compared to the first five months of FY24. With the upcoming production of the flagship iPhone Pro and Pro Max models in the country, analysts predict a significant increase in iPhone export value during the festive quarter and the months to follow.
