Apple has significantly increased its iPhone production in India, assembling an estimated $14 billion worth of devices in the fiscal year ending March 2024. This represents a doubling of its output compared to the previous year. Reflecting the tech giant’s strategic move to diversify its manufacturing base beyond China.
Apple Ramps Up iPhone Production in India, Diversifying Supply Chain
According to industry sources cited by Bloomberg, Apple is now assembling roughly 14% of its iPhones in India, translating to approximately one in seven devices. This growth is due, in part, to the ongoing geopolitical tensions between the United States and China. Prompting Apple to mitigate potential supply chain disruptions.
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Within India, major contract manufacturers like Foxconn are playing a crucial role. Foxconn reportedly assembled nearly 67% of the iPhones produced in India during the past year. Pegatron, another major contractor, contributed an additional 17% to the total output. The remaining iPhones were manufactured at Wistron’s facility in Karnataka. It was recently acquired by the Tata Group, a leading Indian conglomerate.
Also, this significant increase in iPhone production in India has demonstrably created new employment opportunities. Government officials estimate that the growth has resulted in the creation of roughly 150,000 direct jobs. Analysts believe this development serves as a positive for the current administration of Prime Minister Narendra Modi, who is seeking re-election for a third term in the upcoming national polls.
Apple’s growing presence in India’s manufacturing sector not only benefits the company by mitigating geopolitical risks but also presents a significant economic opportunity for India. The influx of investment and job creation associated with iPhone production is likely to be a key talking point in the upcoming elections.
Via: gizchina.com
