Apple is looking to diversify its production away from China, where it currently makes most of its iPhones.
Apple aims to manufacture 25% of all its iPhones in India, according to the country’s commerce minister.
Piyush Goyal, India’s commerce and industry minister, called Apple “another success story” as he spoke of the business credentials of the world’s fifth-largest economy.
“They [Apple] are already at about 5-7% of their production in India. If I’m not mistaken, they are aiming to reach 25% of their manufacturing,” Goyal told a conference.
An Apple spokesman declined to comment.
Last year, Apple started manufacturing its flagship iPhone 14 in India. It was the first time the Cupertino, California-based tech giant produced its latest model in India so close to its launch. Apple has been manufacturing iPhones in India since 2017, but these were usually older models.
Taiwanese company Foxconn, the main assembler of Apple’s iPhones, manufactures the smartphones at its factory in Sriperumbudur on the outskirts of Chennai in eastern India.
JPMorgan analysts said in a note in September that Apple could make 25% of all iPhones worldwide in India by 2025.
Apple is looking to diversify its production away from China, where it currently makes most of its iPhones. Instabilities in China were exposed last year after a Covid outbreak and worker protests at the world’s largest iPhone factory in Zhengzhou, China, also run by Foxconn, halted production.
Last year, CNBC reported that India was exploring moving some of Apple’s iPad production to the country from China.
nafteporiki.gr with information from CNBC