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(Reuters) -Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14% or about 1 in 7 of its marquee devices ...
In 2017, Apple started manufacturing previous years' iPhone models in India; in 2022, it began manufacturing the current iPhone 14 there too. [236] Analysts have speculated that this was partly caused by Apple's desire to reduce its dependence on China, and to overcome Indian import duties.
In March 2017, The Wall Street Journal reported that Apple would begin manufacturing iPhone models in India "over the next two months", [6] and in May, the Journal wrote that an Apple manufacturer had begun production of iPhone SE in the country, [7] In April 2019, Apple initiated manufacturing of iPhone 7 at its Bengaluru facility. [8]
Apple’s growing ties to India—its first retail stores and more manufacturing—are a bright spot for the tech giant as global smartphone sales slip and its revenue tumbles.
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In March, The Wall Street Journal reported that Apple would begin manufacturing iPhone models in India "over the next two months", [386] and in May, the Journal wrote that an Apple manufacturer had begun production of the iPhone SE in the country, [387] while Apple told CNBC that the manufacturing was for a "small number" of units. [388]
Apple is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments. The company is projected to account ...
Apple's international vendors are also engaging with Tata Group firms, including Tata Electronics, to explore the possibility of manufacturing capital equipment. This is crucial for increasing the ...
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