Home Business Apple May Move A Quarter Of iPhone Production To India By 2025:...

Apple May Move A Quarter Of iPhone Production To India By 2025: Report


It is also estimating about 25% of all Apple product to be manufactured outside China by 2025.

Apple Inc may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country.

The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world’s second-biggest smartphone market after China.

It is also estimating about 25% of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5% currently.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government’s push for local manufacturing.

The pandemic hampered supply chain relocation plans for businesses, but with restrictions easing, more companies, including Apple, are reaccelerating these efforts this year.

“Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India. In the medium to long term, we also expect Apple to qualify local India manufacturing suppliers,” according to J.P.Morgan analysts led by Gokul Hariharan, who is rated 4 out of 5 for estimates accuracy.

A Bloomberg report said earlier this month that Indian conglomerate Tata Group was in talks with Wistron to establish a joint venture to assemble iPhones in the country amid Apple’s plans to cut production lag with China. 

(Reporting by Aniruddha Ghosh in Bengaluru; Editing by Anil D’Silva)



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Qatar Planning for FIFA World Cup Fans to Avoid Prosecution for Minor Offences, Say Sources

World Cup fans in Qatar caught committing minor offences such as public drunkenness will escape prosecution under plans being developed by authorities in...

Apple May Move A Quarter Of iPhone Production To India By 2025: Report

<!-- -->It is also estimating about 25% of all Apple product to be manufactured outside China by 2025.Apple Inc may make one out...

Rajinikanth With Daughter Soundarya And Grandson Veer In A Picture-Perfect Moment

<!-- -->Soundarya with Rajinikanth and Veer. (courtesy: soundaryaarajinikant)New Delhi: Soundarya Rajinikanth, who celebrated her 38th birthday on Tuesday, shared a precious family...

Vladimir Putin Suffered “Coughing Fits” Before Televised Address: Report

<!-- -->Vladimir Putin issues a televised warning to escalate Ukraine war.Russian President Vladimir Putin suffered "coughing fits" and "chest pains" before recording his...

Recent Comments