New Delhi, Jan 5 || US tech giant Apple achieved a major milestone under India’s smartphone production‑linked incentive (PLI) scheme, with the company's iPhone exports crossing $50 billion by December 2025, industry data showed.
The figure is expected to rise further, with three months still remaining in Apple’s five‑year PLI window. In the first nine months of FY26, iPhone exports stood at nearly $16 billion, pushing cumulative shipments during the PLI period beyond the $50‑billion mark.
By comparison, Samsung exported devices worth around $17 billion during its five‑year eligibility period under the scheme from FY21 to FY25.
Apple’s manufacturing footprint in the country includes five iPhone assembly plants -- three operated by Tata Group entities and two by Foxconn -- supported by a supply chain of around 45 companies, including many MSMEs supplying components for domestic and global operations.
Driven largely by iPhone shipments, which contributed about 75 per cent of total smartphone exports, smartphones rose to India’s single largest export category in FY25, up from their rank of 167 among export items in 2015.