Apple’s India-Made iPhone Exports Surpass $2.5B In 9 Months — Nearly Twice Previous Fiscal Year’s Total – Apple (NASDAQ:AAPL), Hon Hai Precision (OTC:HNHPF), Wistron (OTC:WICOF), Pegatron (OTC:PGTRF)

Apple. AAPL Exports over $2.5 billion iphone From April to December, exports from India increased as the company diversified its production amid supply disruptions in China.

What happened: Total exports for the Cupertino-based tech giant in the first nine months of its fiscal year ending March 2023 nearly doubled from the previous year’s total, Bloomberg reports.

Apple did not immediately respond to Benzinga’s request for comment.

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Citing people familiar with the matter, the report states that Apple’s suppliers Foxconn Technology Group HNHPF When Wistron WICOF In the first nine months of the current fiscal year, we have shipped more than $1 billion worth of flagship devices internationally each.

Another major contract manufacturer for the giant, Pegatron PGTRFalso plans to export about $500 million in gadgets by the end of January, according to an anonymous source.

Apple’s rapid increase in export numbers highlights how Apple is accelerating its shift from Beijing to New Delhi amid heightened tensions between the president and the United States Joe Biden When Xi Jinpingregime and China’s COVID-19 turmoil.

Last year, Apple began assembling the latest iPhone models in India.

In November, havoc erupted at Foxconn’s China factory after many of the nearly 200,000 workers fled production across the tougher COVID-19 curbs to contain the spread of the virus at the facility. Did.

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