Apple Inc. produced $22 billion worth of iPhones in India during the year ending in March, marking a nearly 60% increase in production compared to the previous year. This growth reflects the company’s ongoing efforts to diversify its manufacturing away from China.
The company based in Cupertino, California, now produces 20% of its highly sought-after iPhones in the South Asian nation, as reported by sources who requested anonymity due to the confidential nature of the information. This percentage reflects the estimated factory gate value of the devices, rather than their retail price after markup.
The increase in production indicates that Apple and its suppliers are hastening their shift from China to India, a transition that started when severe Covid lockdowns impacted output at Apple’s primary manufacturing facility. Most of the iPhones produced in India are assembled at the Foxconn Technology Group’s factory located in southern India.
Additionally, Tata Group’s electronics manufacturing division, which acquired Wistron Corp. and oversees Pegatron Corp.’s operations, plays a significant role as a supplier.
