Apple Assembled 14% of All iPhones in India Last Year [Report]
Apple produced $14 billion worth of iPhones in India during its last fiscal year.
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Apple produced $14 billion worth of iPhones in India during its last fiscal year.
Apple Inc. reportedly assembled $14 billion worth of iPhones in India last fiscal year, indicating a diversification push beyond China. This increase in production marks a win for the Narendra Modi administration, which has been incentivizing foreign firms to boost high-end manufacturing in India.
India is gaining market share in electronics exports, particularly in the UK and US. The government offers incentives to attract manufacturers, and companies like Samsung and Apple have manufacturing operations in India. This supports Prime Minister Narendra Modi's 'Make in India' plan.
The impact is most pronounced in the UK and US, where geopolitical tensions with China have increased in recent years.
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