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Nearly all India iPhone exports go to US as Apple tackles tariffs

Financial Express Lucknow

|

June 14, 2025

Foxconn ships $3.2-bn devices in March-May

- ADITYA KALRA & MUNSIF VENGATTIL

NEARLY ALL THE iPhones exported by Foxconn from India went to the US between March and May, customs data showed, far above the 2024 average of 50% and a clear sign of Apple's efforts to bypass high US tariffs imposed on China.

The numbers show Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to countries including the Netherlands, the Czech Republic and Britain.

During March-May, Foxconn exported iPhones worth $3.2 billion from India, with an average 97% shipped to the US, compared to a 2024 average of 50.3%, according to commercially available customs data seen by Reuters.

India iPhone shipments by Foxconn to the US in May 2025 were worth nearly $1 billion, the second-highest ever after the record $1.3 billion worth of devices shipped in March, the data showed.

Apple declined to comment, while Foxconn did not respond to a Reuters request for comment.

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Frauds drain ₹10K cr from health insurers annually: BCG

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Groww Q2 profit rises 12%

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UK economy stumbles before budget

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Familiar crisis at COP30 as nations reject...

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Bengal sees sharpest rise in registered voters in border areas since 2002 SIR

BETWEEN 2002, WHEN the Special Intensive Review (SIR) was last conducted by the Election Commission of India, and 2025, West Bengal has seen a 66% increase in the number of registered voters — from 45.8 million to 76.3 million.

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Rupee rocked, breaches 89 level for the first time

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Porsche's new spark: Cayenne goes electric

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RITES steps up execution as order book tops ₹9K cr

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IAMAI: Draft accessibility norms to impose cost burden on OTTs

IMPLEMENTATION OF PROPOSED accessibility norms for online curated content specifically for persons with hearing and visual impairment will lead to a high cost of compliance in several cases, which may even surpass their revenue and make them commercially unsustainable, industry body IAMAI said on Friday.

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Zelenskyy for ‘honest’ work on US-backed plan

PRESIDENT VOLODYMYR ZELENSKYY said after talks with a top US Army official on Thursday he was ready for “honest” work with Washington on a plan to end the war in Ukraine, while European allies pushed back against punishing concessions to Russia.

time to read

2 mins

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