Shulou(Shulou.com)11/24 Report--

CTOnews.com, April 13 (Xinhua)-- the Indian Mobile phone and Electronics Association (ICEA), an industry body, recently released the latest trade data reviewed by officials. India's smartphone exports exceeded $11.2 billion in the fiscal year ending in March this year (CTOnews.com Note: currently about 77.168 billion yuan), doubling year-on-year.

India's estimated smartphone exports range from $9 billion to $10 billion, and the final results beat expectations.

CTOnews.com learned from the ICEA report that Apple's exports are estimated to be between $5 billion and $5.5 billion, accounting for nearly half of the total, while Samsung ranks second with exports of about $4 billion (CTOnews.com Note: currently about 27.56 billion yuan).

India is pushing ahead with its PLI program, with smartphone exports doubling from the previous fiscal year. The United Arab Emirates, the United States, the Netherlands, the UK and Italy are the top five destinations for India's mobile phone exports, according to ICEA.

The report points out that Apple plans to produce and assemble 45% of iPhone in India by 2027. India currently accounts for about 10-15 per cent of total iPhone capacity, according to DigiTimes.

Related readings:

"Apple has become the first Indian company to export $1 billion worth of smartphones a month."

"Apple accounts for more than 50% of India's smartphone exports will break through the $10 billion mark this fiscal year, according to the report.

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