<p>iPhone maker Apple has plans to scale up production in India by over five-fold to around $40 billion (about Rs 3.32 lakh crore) in the next 4-5 years, according to government sources.</p>.<p>According to the official, who did not wish to be named, the company crossed the $7-billion production mark in the last financial year.</p>.<p>"Apple has plans to increase production in India to over $40 billion in the next 4-5 years. It has crossed $7 billion in the last fiscal," the official said.</p>.Duo held for thrashing staff of electronics store over delay in iPhone delivery in Delhi .<p>An email query sent to Apple did not elicit any reply.</p>.<p>Apple manufactures iPhones in India and has plans to start manufacturing Airpods from next year.</p>.<p>The officer said that Apple has no immediate plans to make iPads or its laptops in India.</p>.<p>"They don't have any plans to participate in IT hardware PLI. They may come at a later stage but as of now their focus is to scale up existing production levels," the officer said.</p>.<p>The company globally sold iPhones worth $191 billion and products worth $38.36 billion in the wearable, home and accessories segment in the financial year ended on September 25, 2022.</p>.<p>In the first nine months of the current fiscal, the company recorded about a 4 per cent dip in iPhone sales at $156.77 billion and a slight decline in the wearable, home and accessories segment at $30.52 billion.</p>.<p>The company has become the largest exporter of mobile phones from India.</p>.<p>According to industry sources, sales of Apple's iPhone 15 series registered a 100 per cent growth compared to that of the iPhone 14 series on the launch day on Friday.</p>.Apple iPhone 15 series, Watch Series 9, Watch Ultra 2 hit stores in India.<p>Apple has launched four models in the iPhone 15 series. Two variants -- iPhone 15 and iPhone 15 Plus -- are also being made in India.</p>.<p>The company has for the first time made available the 'made-in-India' iPhones on the same day it started selling the devices in other parts of the globe.</p>.<p>According to market research firm Counterpoint Research, Apple led the ultra-premium segment, with phones priced above Rs 45,000 apiece, with 59 per cent market share in the first quarter of 2023 and India is among the top-five markets for the company now.</p>
<p>iPhone maker Apple has plans to scale up production in India by over five-fold to around $40 billion (about Rs 3.32 lakh crore) in the next 4-5 years, according to government sources.</p>.<p>According to the official, who did not wish to be named, the company crossed the $7-billion production mark in the last financial year.</p>.<p>"Apple has plans to increase production in India to over $40 billion in the next 4-5 years. It has crossed $7 billion in the last fiscal," the official said.</p>.Duo held for thrashing staff of electronics store over delay in iPhone delivery in Delhi .<p>An email query sent to Apple did not elicit any reply.</p>.<p>Apple manufactures iPhones in India and has plans to start manufacturing Airpods from next year.</p>.<p>The officer said that Apple has no immediate plans to make iPads or its laptops in India.</p>.<p>"They don't have any plans to participate in IT hardware PLI. They may come at a later stage but as of now their focus is to scale up existing production levels," the officer said.</p>.<p>The company globally sold iPhones worth $191 billion and products worth $38.36 billion in the wearable, home and accessories segment in the financial year ended on September 25, 2022.</p>.<p>In the first nine months of the current fiscal, the company recorded about a 4 per cent dip in iPhone sales at $156.77 billion and a slight decline in the wearable, home and accessories segment at $30.52 billion.</p>.<p>The company has become the largest exporter of mobile phones from India.</p>.<p>According to industry sources, sales of Apple's iPhone 15 series registered a 100 per cent growth compared to that of the iPhone 14 series on the launch day on Friday.</p>.Apple iPhone 15 series, Watch Series 9, Watch Ultra 2 hit stores in India.<p>Apple has launched four models in the iPhone 15 series. Two variants -- iPhone 15 and iPhone 15 Plus -- are also being made in India.</p>.<p>The company has for the first time made available the 'made-in-India' iPhones on the same day it started selling the devices in other parts of the globe.</p>.<p>According to market research firm Counterpoint Research, Apple led the ultra-premium segment, with phones priced above Rs 45,000 apiece, with 59 per cent market share in the first quarter of 2023 and India is among the top-five markets for the company now.</p>