The company manufactures about 7% of its iPhones in India through partners such as Foxconn Technology Group and Pegatron Corp.
US Apple sold more than $7 billion worth of iPhones in India last fiscal year, tripling production in the country amid accelerated exits from China. Bloomberg reported this.
The company currently manufactures about 7% of its iPhones in India through partners such as Foxconn Technology Group and Pegatron Corp.
Of its total production, Apple exported $5 billion worth of iPhones during India’s fiscal year that ended in March, nearly four times the amount of the previous period.
Perhaps, the company will try to produce the next iPhones in India at the same time as China in the fall of 2023. This will be the first time that the iPhone assembly will start simultaneously in the two countries.
The publication states that if the expansion of suppliers continues, by 2025 Apple could assemble a quarter of all its smartphones in India.
Earlier it was reported that Apple’s partner, the Taiwanese company Foxconn, will build a plant for the production of components for the iPhone in the Indian city of Bangalore.
The AirPods maker said it wants Apple suppliers to leave China to avoid the consequences of escalating tensions between the US and China.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.