India smartphone exports rise 23% to $9.8B in June quarter, led by iPhone shipments
India’s smartphone exports reached a record $9.8 billion in April–June, up 23.4% year on year. Apple-led iPhone shipments to the US powered the increase, with smartphones contributing nearly two-thirds of the country’s electronic exports.
India's smartphone exports rose 23.4% to a record $9.8 billion in the June quarter, driven by Apple iPhone shipments to the US. Growth may slow amid softer global demand, higher component costs and no Indian production planned for Apple's foldable iPhone.
Why this matters
The export surge extends Apple’s India story as recent signals point to possible iPhone 18 Pro and Pro Max price increases, driven by a 2nm chip, component shortages and higher India price tags.
Retail-company signals are accelerating, up 308475% QoQ.