January 24, 2023: Apple is examining simulating 25% of all its iPhones in India, the commerce minister said on Monday.
Piyush Goyal, India’s Prime Minister of commerce and industry, is known as Apple’s “one more success story” as he is talking up the business credentials of the world’s fifth-significant economy.
“They already carry about 5-7% of their creating in India. If I am not mistaken, they then target to go up to 25% of their creating,” Goyal stated at a conference.
Apple has manufactured iPhones in India since 2017, but these were usually older models. The previous year, Apple began assembling its flagship iPhone 14 in India. It was the initial time the tech giant, based in Cupertino, California, made its significant model in India so close to its launch.
Taiwanese company Foxconn, the main assembler of Apple’s iPhones, is manufacturing the phones at its Sriperumbudur people on the outskirts of Chennai in eastern India.
JPMorgan analysts noted that Apple could make 25% of all iPhones in India by 2025, which is international.
Apple is looking to diversify production away from China, where it currently makes most of its iPhones. Fragilities in China were exposed in the previous year after a Covid outbreak. Employees protesting at the world’s most significant iPhone factory in Zhengzhou, China, also run by Foxconn, disrupted production.
Last year, it stated that India is exploring bringing a few of Apple’s iPad products to China.
Apple has nearly a 5% market share in India’s phones market, but CEO Tim Cook has long seen India as a potential area for growth.
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