HomeIndian EconomyApple's major milestone: Company now makes 1 in 7 iPhones in India...

Apple’s major milestone: Company now makes 1 in 7 iPhones in India as output hits $14 billion

Source : Hindustan Times

Apples 873
(c) Copyright Thomson Reuters 2024

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.

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.

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.

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.

Tata Group is constructing another plant in Hosur, Tamil Nadu where Pegatron is expected to become its joint venture partner, news agency Reuters reported.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat

All

AMCA 5th Generation Stealth Fighter Updates

AMCA to be integrated with sophisticated indigenous Distributed Aperture System (DAS) that making it a formidable air asset for the Indian Air Force

Source : IgMp Bureau India’s Advanced Medium Combat Aircraft (AMCA) is on the brink of a revolutionary transformation with the integration of a sophisticated Distributed...

AMCA to incorporate the best features of both 5th and 6th Generation fighters: ADA sources

Source : IgMp Bureau India's strides toward indigenous air dominance receive a substantial boost with the green signal for the Advanced Medium Combat Aircraft (AMCA)...

Most Popular

Recent Comments

Archive Months

Miscellanous

major defense partnership: Foreign secretary Vinay Kwatra meets US defence deputy secretary Kathleen Hicks

India's Foreign Secretary Vinay Kwatra has met US Deputy Secretary of Defense Kathleen Hicks and they discussed the importance of expanding the scope of...

Asia’s 2 biggest militaries are both getting new aircraft carriers. Here’s how China’s and India’s latest flattops stack up

Source : Business InsiderIndian Navy Aircraft Carrier INS Vikrant (Left) and Chinese Aircraft Carrier CNS Fujian (Right)On June 17, China officially launched its newest...

DRDO plans to work on a new 280 km range air to air missile

Source : Indian Defence Updates (IDU)An IAF Sukhoi Su-30MKI firing Astra Mk1 BVRAAM (File Photo)The 340 kilometers range Astra Mark III that is currently...
Visits
error: Content is protected !!