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According to information from Bloomberg, Apple currently manufactures about 14% of its iPhones in India, marking a significant step up in the company’s efforts to reduce its dependence on Chinese production facilities.
This increase equates to $14 billion worth of iPhones and means that one in seven Apple smartphones is now assembled in the South Asian country. The models manufactured in India range from the iPhone 12 to the latest iPhone 15, apart from the higher-end Pro and Pro Max versions.
The expansion into Indian manufacturing is in line with Apple’s response to Prime Minister Narendra Modi’s “Made in India” campaign. The initiative states that foreign companies will have to produce or manufacture 30% of their products in India to sell in the local market.
Apple’s growing manufacturing presence in India is a direct result of this policy and is further facilitated by financial incentives provided by the Indian government. These initiatives are part of Prime Minister Modi’s broader ambition to position India as a major manufacturing hub on the world stage.
This surge in domestic iPhone production not only supported Prime Minister Modi’s vision, but also created around 150,000 direct jobs at Apple’s supplier facilities. According to Bloomberg sources, Foxconn and Pegatron will take the lead in iPhone assembly in India in the fiscal year ending March 2024, with 67% and 17% of production, respectively, while Wistron will handle the rest. did.
Even though China remains Apple’s main manufacturing hub and most important market outside the United States, the tech giant faces challenges in China, including declining revenues. The decline is due in part to the rise of domestic competitors such as Huawei and restrictions imposed by the Chinese government, including a ban on iPhone use in state institutions.
Apple’s strategic pivot to India not only reflects an attempt to reduce risks associated with geopolitical tensions and potential supply chain disruptions, but also to capitalize on India’s rapidly expanding smartphone market. ing. Last year, Apple’s commitment to India was further demonstrated with the opening of its first retail stores in Mumbai and New Delhi, marking a significant milestone in the company’s investment and presence in the country.
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