Apple Airlifted $2 Billion Worth iPhones From India In March: Report
Apple is making efforts recently to diversify its supply chains to avoid over-reliance on China
Tech giant Apple has reportedly airlifted iPhones worth a record $2 billion from India in March. Reuters reported that Foxconn, Apple's main India supplier, exported smartphones worth $1.31 billion last month. Meanwhile, exports from Tata Electronics in March stood at $612 million. The iPhone maker hastened shipments ahead of US President Donald Trump's reciprocal tariffs.
Foxconn shipments in March are equal to shipments for January and February combined, and they mainly included Apple iPhone 13, 14, 16 and 16e models, reported Reuters, citing commercially available customs data. Tata Electronics marked almost a 63% jump in exports from the previous month, with shipments containing iPhone 15 and 16 models. The report also noted that Foxconn's entire shipment volume to the US was transported by air from Chennai Air Cargo Terminal, with landings in locations such as Los Angeles and New York. The company used six cargo jets for the shipments.
According to Counterpoint Research, iPhones have a significant presence in the US market, and last year, Apple's smartphones constituted more than half of all smartphones sold there. Meanwhile, Apple is also making efforts recently to diversify its supply chains to avoid over-reliance on China and to focus on additional manufacturing hubs like India and Vietnam.