Core Insights - Foxconn's exports of iPhones from India have significantly increased, with a notable surge in shipments to the U.S. in 2025, reaching a peak of $1.3 billion in March [4][7] - The share of iPhones manufactured in India is projected to rise to 25%-30% of global shipments by the end of this year, up from 18% in 2024 [5] - The value of iPhones exported from India to the U.S. from January to May this year reached $4.4 billion, surpassing the total for the entire year of 2024 [7] Export Data - In 2024, exports to the U.S. accounted for 50.3% of total exports, with a dramatic increase to 97% from March to May 2025 [4] - The monthly export value peaked at $1.3 billion in March 2025, equivalent to approximately 9.33 billion RMB [4] - From January to May 2023, the total export value was $4.4 billion, which is about 31.58 billion RMB, exceeding the projected annual total for 2024 [7] Manufacturing Developments - Apple has initiated production in two new factories in southern India, with one operated by Tata Electronics producing older iPhone models and the other built by Foxconn, which began shipping in May [7]