According to India’s Minister of Commerce and Industry, Piyush Goyal, Apple is planning to increase its iPhone global manufacturing in India to 25%. Currently, Apple is manufacturing 5-7% of its iPhones in the country, Goyal stated.
Goyal praised the move as “another success story” for the country’s economy. Despite this announcement, an Apple spokesperson declined to comment. This expansion follows Apple’s recent assembly of its iPhone 14 model in India, marking the first time the company has produced the latest model in the country so close to its launch. Apple has been manufacturing iPhones in India since 2017, but primarily older models. The smartphones are being produced by Foxconn, a Taiwanese company, at its factory in Sriperumbudur on the outskirts of Chennai. As per predictions from analysts from JPMorgan, Apple could produce 25% of all iPhones globally in India by the year 2025. This would spell great news for India’s economy, as Apple is one of the world’s biggest technology conglomerates, and this would cement India’s position as a high-skill tech market.
As part of its efforts to diversify production, Apple is exploring options to shift some of its manufacturing away from China, where the majority of iPhones are currently made. This move comes after weaknesses in China were exposed last year due to a Covid outbreak and worker protests at the world’s largest iPhone factory in Zhengzhou, which is run by Foxconn and led to disruptions in production.
Furthermore, according to CNBC, India is also considering bringing some of Apple’s iPad production to the country from China. Although Apple currently holds only a 5% market share in India’s smartphone market, CEO Tim Cook has previously recognized India as a potential area for growth in the future.
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(Via)
