Home World Apple aims to increase iPhone production in India to 25%: Minister

Apple aims to increase iPhone production in India to 25%: Minister

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Source: Thomas Peter | Reuters

an apple plans to manufacture 25% of all its iPhones in India, the country’s commerce minister said on Monday.

Piyush Goyal, India’s commerce and industry minister, called Apple “another success story” when he spoke about business reviews in the world’s fifth-largest economy.

“They are [Apple] already about 5-7% of their production in India. If I am not mistaken, they are planning to increase their production by 25%,” Goyal said at the conference.

An Apple representative declined to comment.

Last year, Apple started assembling its flagship iPhone 14 in India. This was the first time that the Cupertino, California-based tech giant had manufactured its latest model in India so close to its launch. Apple has been making iPhones in India since 2017, but they’ve usually been older models.

Taiwanese company Foxconnthe main assembler of Apple’s iPhones, manufactures smartphones at its Sriperumbudur factory on the outskirts of Chennai in eastern India.

JPMorgan analysts said in a September note that Apple could make 25% of the world’s iPhones in India by 2025.

Apple is looking to diversify production away from China, where it currently makes the bulk of its iPhones. The fragility in China was revealed last year after a An outbreak of the covid coronavirus infection and workers’ protests at the world’s largest iPhone factory in Zhengzhou, China, which is also operated by Foxconn, disrupted production.

last year This is reported by CNBC that India is considering moving part of Apple’s iPad production to the country from China.

Apple only has a 5% share of the smartphone market in India, but CEO Tim Cook has long seen India as a potential area for growth.

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