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According to a report from Bloomberg, Wistron has committed to shipping iPhones worth at least $1.8 billion (roughly Rs. 14,800 crore) from the factory in the fiscal year through March 2024 to win state-backed financial incentives.
![Apple shipped $7.5 billion worth iPhones, iPads in India in FY23; anticipates strong growth [details] - Vimarsana News](https://data1.ibtimes.co.in/en/full/783923/iphone-pro-15.jpg)
Amid the local manufacturing push and an upcoming widespread retail store strategy, Apple shipped $7.5 billion worth iPhones and iPads in India in FY22-23, data accessed by IANS has shown.
What growing population means for the Modi government
It is a known fact that an overwhelming majority of the world's electronics and electrical equipment and manufacturing has remained limited to a few select countries like China.
Apple Inc.’s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter, signaling the country is making progress with its bid to become a force in electronics manufacturing.