Apple’s iPhone suppliers in India have reportedly crossed the 20% domestic value addition (DVA) mark across variants

About 97% of iPhones exported by Foxconn Technology (OTCPK:FXCOF) from India went to the U.S. between March and May, Reuters reported citing customs data. The numbers are far above the 2024 average of 50% and an indication of Apple's efforts to bypass high U.

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Nearly all the iPhones exported by Foxconn from India went to the United States 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 U.