Apple Doubles iPhone Production In India To $14 Bn To Further Reduce Dependence On China

Apple has ramped up its iPhone production in India, hitting a remarkable $14 billion in the last fiscal year and doubling its output as part of its strategy to reduce dependence on China amidst growing geopolitical tensions.

What Happened: Now, around 14% of Apple’s flagship phones, roughly one in seven, come from India, according to Bloomberg sources close to the matter.

This boost in production shows Apple’s urgent move to diversify its manufacturing bases, even though China still plays a critical role as its primary production site and largest international market. However, challenges in China, including competition from Huawei and restrictions on foreign tech, have affected Apple’s revenues there.

See also: Why Elon Musk Might Need Mukesh Ambani To Finally Bring Tesla To India

This surge in Indian manufacturing is a major win for Prime Minister Narendra Modi’s government, which has been wooing international companies like Apple with financial perks to bring high-end manufacturing to India. This initiative has reportedly created 150,000 direct jobs at Apple’s supplier facilities.

Leading the charge in India, Foxconn and Pegatron are responsible for assembling nearly 67% and 17% of India-made iPhones, respectively, for the fiscal year ending in March 2024.

The rest come from Wistron’s Karnataka facility, now under Tata Group’s management, which is on track to establish one of India’s largest iPhone assembly operations. The $14 billion figure represents the factory value of these iPhones, not their retail prices.

Read next: U.S. And Taiwan Chip Giants Now Locked In Battle For India's Auto Crown: Report

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