Supply: Thomas Peter Reuters
Apple is seeking to make 25% of all its iPhones in India, the nation’s commerce minister mentioned on Monday.
Piyush Goyal, India’s commerce and trade minister, referred to as Apple “one other success story” as he spoke in regards to the enterprise credentials of the world’s fifth largest financial system.
“They’re [Apple] already in about 5-7% of its manufacturing in India. If I’m not mistaken, they’re aiming to go as much as 25% of their manufacturing,” Goyal mentioned at a convention.
An Apple spokesman declined to remark.
Final yr, Apple began assembling its flagship iPhone 14 in India. It was the primary time the Cupertino, California-based tech large was producing its newest mannequin in India so near its launch. Apple has been manufacturing iPhones in India since 2017, however they had been normally older fashions.
Taiwanese firm Foxconnthe principle assembler of Apple’s iPhones, is manufacturing the smartphones at its Sriperumbudur manufacturing facility on the outskirts of Chennai in japanese India.
JPMorgan analysts mentioned in a September word that Apple might make 25% of all iPhones globally in India by 2025.
Apple has sought to diversify manufacturing outdoors of China, the place it at the moment makes most of its iPhones. Fragility in China was uncovered final yr after a Covid outbreak and employee protests on the world’s largest iPhone manufacturing facility in Zhengzhou, China, which can also be run by Foxconn, disrupted manufacturing.
Final yr, CNBC reported that India is exploring bringing a few of Apple’s iPad manufacturing to the nation from China.
Apple has solely a 5% market share in India’s smartphone market, however CEO Tim Cook dinner sees India as a possible space for progress.