Apple's major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion
Apple is looking to diversify its supply chain beyond China as geopolitical tensions between Beijing and Washington rise.
Apple increased its iPhone production in India as the company assembled $14 billion worth of iPhones in fiscal 2024, Bloomberg reported. Apple now manufactures approximately 14% of its flagship devices in India. This means Apple makes about 1 in 7 iPhones in India, the report claimed. Foxconn and Pegatron, two major Taiwanese manufacturers, played a significant role in boosting Apple's production output in India.
Read more: Is Google CEO Sundar Pichai surprised by AI? He says ‘Yes and no’
Foxconn and Pegatron's contribution
Foxconn assembled nearly 67% of the India-made iPhones while Pegatron Corp contributed about 17%, Bloomberg reported. The remaining portion was produced at Wistron Corp's plant in Karnataka which was taken over by the Tata Group in 2023.
Read more: Mukesh Ambani- Elon Musk in talks for Tesla EV unit in Maharashtra? ‘At initial stage’
Apply moving beyond China?
Apple is looking to diversify its supply chain beyond China as geopolitical tensions between Beijing and Washington rise. China is the largest iPhone-making hub in the world but Apple is ramping up iPhone production in India as it strategically expands its manufacturing footprint to reduce reliance on a single location.
Read more: Avenue Supermart share price hits new 52-week high. Here's why
It was earlier reported that Pegatron is in advanced discussions to transfer control of its only iPhone manufacturing facility which is located near Chennai in Tamil Nadu to the Tata Group.
Read more: Vedanta shares hit 52-week high with 'buy' tag from CLSA: Will rally continue?
Tata Group is constructing another plant in Hosur, Tamil Nadu where Pegatron is expected to become its joint venture partner, news agency Reuters reported.
ABOUT THE AUTHORHT News DeskFollow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

E-Paper


