According to the Indian Cellular and Electronics Association (ICEA), which represents most mobile device makers in the country, the export of smartphones in the first 10 months of FY23 has crossed *70,000 crore, even though domestic sales have been sluggish. According to global market intelligence firm IDC, domestic shipments of smartphones fell over 27 per cent to 29.6 million in the quarter ending December 2022.
In FY22, Apple exported only 11,000 crore worth of iPhones, accounting for 23 per cent of the overall export of smartphones, which was pegged at 47,800 crore.
This story is from the February 15, 2023 edition of Business Standard.
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This story is from the February 15, 2023 edition of Business Standard.
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