Apple On Course To Produce One-Quarter of All iPhones In India By 2025 As Production Figures Triple Over Past Year

Apple, in its continued move to reduce reliance on China, tripled iPhone production in India, assembling iPhones worth more than $7 billion (₹57,361.44 crore) in the country over the last financial year, claims Bloomberg.

What Happened? People familiar with the matter told Bloomberg that the Cupertino giant had expanded its partners from Foxconn Technology Group to Pegatron Corp. and now produces almost 7% of its iPhones in India.

This marks a significant leap for the country, which was estimated to account for only 1% of the world’s iPhones in 2021.

The report adds that Apple exported $5 billion (₹40,972.93 crore) worth of iPhones in the year ended March 2023, which is nearly four times the amount of the previous period, out of the total production.

See also: Apple Draws Battle Lines For Mumbai Store: Bars Amazon, Google, And 20 Others

It is likely that Apple will attempt to manufacture the next iPhones simultaneously in India and China in the fall of 2023. If this happens, it will be the first time that iPhone assembly begins concurrently in both countries.

If Apple’s suppliers continue their aggressive expansion, the company could produce a quarter of all its iPhones in India by 2025.

A Longer-Haul: It is worth noting that Apple began diversifying its supply chain well before 2022 and its efforts are finally paying off.

The iPhone maker successfully lobbied for incentives in India and urged suppliers like Foxconn, Wistron, and Pegatron to increase their local production. Together, these three companies employ about 60,000 workers in India, making models ranging from the older iPhone 11 to the latest iPhone 14 in the country.

Read next: Apple Wants No Part Of The Mumbai-Delhi Rivalry As It Gears To Open 2nd Store On April 20

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: TechAppleiPhone