By While India’s Apple iPhone production is rapidly catching up to China, its contribution to Apple’s global revenue remains notably smaller, largely due to limitations in consumer purchasing power.
In FY24, Indian manufacturing units accounted for 14-15% of Apple’s total iPhone production. Industry experts anticipate this share to grow significantly, reaching 26-30% by 2027. At present, India serves as Apple’s only alternative manufacturing hub outside of China, with Greater China including Mainland China, Hong Kong, Macau, and Taiwan.
Forecasts suggest that India’s iPhone production volumes may align with China’s within the next five years. However, matching China’s revenue contribution to Apple’s global operations might take 10-15 years.
In FY24, Apple recorded a milestone $8 billion in revenue from India, contributing just over 2% to its global revenue of $391 billion. By comparison, Greater China generated $66.95 billion, accounting for more than 17% of the total. Projections indicate that Apple’s revenue from India could rise to $11 billion by FY26, based on its October-September fiscal calendar.
