Apple makes $14bn India-made iPhones – Report

Alex Omenye
Alex Omenye

India’s contribution to iPhone production has surged to $14 billion in fiscal year 2024, as reported by Bloomberg News on Wednesday. Approximately 14% of Apple’s flagship devices, translating to about 1 in 7 iPhones, are now manufactured in India.

According to sources familiar with the matter, Foxconn was responsible for nearly 67% of iPhones assembled in India, while Pegatron Corp and Wistron Corp each played significant roles, contributing around 17% and the remaining portion respectively. Notably, Wistron Corp’s facility in Karnataka, now managed by the Tata Group since last year, played a pivotal role in the production.

Amidst growing geopolitical tensions between Beijing and Washington, Apple is actively diversifying its supply chain beyond China. While China remains the primary manufacturing hub for iPhones globally, Apple’s expansion into India reflects its strategic efforts to reduce risks associated with geopolitical uncertainties.

In a separate report by Reuters on Monday, it was disclosed that Pegatron is in advanced discussions to transfer control of its sole iPhone manufacturing facility, located near Chennai in Tamil Nadu, to the Tata Group. Moreover, the Tata Group is establishing another manufacturing plant in Hosur, Tamil Nadu, with Pegatron expected to become its joint venture partner.

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