{"id":1280805,"date":"2024-04-13T07:46:34","date_gmt":"2024-04-13T02:16:34","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1280805"},"modified":"2024-04-13T07:46:53","modified_gmt":"2024-04-13T02:16:53","slug":"14-of-all-iphones-are-now-assembled-in-india-rs-1-17-lakh-crore-worth-of-iphones","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/14-of-all-iphones-are-now-assembled-in-india-rs-1-17-lakh-crore-worth-of-iphones\/","title":{"rendered":"14% Of All iPhones Are Now Assembled In India: Rs 1.17 Lakh Crore Worth Of iPhones"},"content":{"rendered":"\n
\"14%<\/figure>\n\n\n\n

With the recent addition of manufacturing units in India, now Apple produces as much as 14% of its iPhones in the country.<\/p>\n\n\n\n

14% Of iPhones Assembled In India<\/strong><\/p>\n\n\n\n

Interestingly, the figures also indicate the company’s accelerating efforts to diversify beyond China.<\/p>\n\n\n\n

If we look closely, these figures almost account for $14 billion of assembled iPhones in the country.<\/p>\n\n\n\n

We can also say that this accounts for about 1 in 7 of the company’s flagship devices hence indicating a doubling of production as compared to the last fiscal year.<\/p>\n\n\n\n

In the meantime, except for premium Pro and Pro Max models, now iPhone 12 through to the latest iPhone 15, all models are now assembled in India.<\/p>\n\n\n\n

Made in India Creating A Boon<\/strong><\/p>\n\n\n\n

Apple<\/a> seems to have been setting up \u200c\u200ciPhone\u200c\u200c manufacturing hubs in India ever since Prime Minister Narendra Modi began promoting his “Made in India” initiative.<\/p>\n\n\n\n

Under this initiative, there is a requirement that 30% of products sold by foreign companies need to be manufactured or produced within the country.<\/p>\n\n\n\n

Besides this, this initiative has shown tremendous growth as this growth in manufacturing has created 150,000 direct jobs at Apple’s suppliers according to the Indian government.<\/p>\n\n\n\n

It won’t be an exaggeration to say that this initiative has turned out to be a boon for Modi’s administration as it has enticed foreign companies like Apple with financial incentives to realize its ambition for the country to become a global manufacturing hub.<\/p>\n\n\n\n

During the fiscal year ending March 2024, Foxconn assembled nearly 67% and Pegatron around 17% of iPhones in India, as per the information provided by Bloomberg’s sources.<\/p>\n\n\n\n

It is noteworthy here that the remaining devices were produced by Wistron.<\/p>\n\n\n\n

In the meantime, China still remains to be Apple’s largest iPhone assembly base and biggest overseas market.<\/p>\n\n\n\n

This is also where Apple’s revenues have been plummeting.<\/p>\n\n\n\n

This is due to the meteoric rise of local vendors such as Huawei and a government ban on the use of iPhones in state workplaces.<\/p>\n\n\n\n

The latest move of diversification away from China hints at the company’s growing awareness of rising geopolitical tensions.<\/p>\n\n\n\n

It also represents the need for supply chain resilience in the face of potential disruption. <\/p>\n\n\n\n

We can not deny the pivot to India which takes into account its fast-growing smartphone market as last year Apple also opened its first two stores there, in Mumbai and the capital New Delhi.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the recent addition of manufacturing units in India, now Apple produces as much as 14% of its iPhones in the country. 14% Of iPhones Assembled In India Interestingly, the figures also indicate the company’s accelerating efforts to diversify beyond China. If we look closely, these figures almost account for $14 billion of assembled iPhones […]<\/p>\n","protected":false},"author":27,"featured_media":1280821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[55,381,677],"class_list":["post-1280805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-india","tag-iphones"],"acf":[],"yoast_head":"\n14% Of All iPhones Are Now Assembled In India: Rs 1.17 Lakh Crore Worth Of iPhones - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/14-of-all-iphones-are-now-assembled-in-india-rs-1-17-lakh-crore-worth-of-iphones\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"14% Of All iPhones Are Now Assembled In India: Rs 1.17 Lakh Crore Worth Of iPhones - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"With the recent addition of manufacturing units in India, now Apple produces as much as 14% of its iPhones in the country. 14% Of iPhones Assembled In India Interestingly, the figures also indicate the company’s accelerating efforts to diversify beyond China. 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