Apple’s iPhone exports from USA reportedly rose by a third in the six months to September. The iPhone maker has reportedly exported $6 billion worth of smartphones: the estimated factory value, not even the market value.
The figures come from famous people who revealed them to Bloomberg. This puts annual exports on track to reach $10 billion by fiscal year 2024.
In an effort to reduce its dependence on China amid escalating tensions, Apple has rapidly expanded its manufacturing infrastructure in USA since it began manufacturing iPhones in the country in 2017. Bloomberg’s report cites local subsidies, skilled labor and the country’s technological capabilities as catalysts. for growth.
The iPhone accounts for the largest share of USA’s smartphone exports to the US at $2.88 billion in the first five months of the fiscal year. Compare that to $5.2 million before Apple moved some of its production to USA.
Yet USA remains a market dominated by Chinese brands such as Xiaomi, Oppo and vivo, with the iPhone accounting for only 7% of smartphone sales there.