Posted by Rohit Yadav On 27-Sep-2022 12:47 PM
Apple's global partner, Foxconn, manufactures the devices at its Sriperumbudur factory near Chennai. The locally-produced iPhone units are expected to go on sale in the country later this year. An Apple spokesperson said in a TechCrunch statement: "We are thrilled to be manufacturing the iPhone 14 in India.
Apple started assembling smartphones in India in 2017, but until this year the iPhone maker used its manufacturing facilities in India to assemble older generation phones. Apple launched iPhone 14 models earlier this month. Analysts estimate that by 2025, India will become the world's iPhone manufacturing hub as Apple gradually reduces its reliance on China, which has produced the majority of its devices for more than a decade. In a report earlier this month, JP Morgan analysts predicted that Apple will move 5% of its global iPhone 14 production to India by the end of 2022, expanding manufacturing capacity in India, and by 2025. He said he produces 25% of all iPhones.
India has attracted investment in recent years by offering lucrative subsidies from Apple's manufacturing partners Foxconn and Wistron, and New Delhi is moving to transform the country into a manufacturing hub. Analysts at JP Morgan said the presence of foreign manufacturing giants, coupled with an "abundant labor force and competitive labor costs," made India a desirable destination.
“Indian iPhone Supply His chain has historically offered only legacy models. Interestingly, Apple is asking its EMS providers to manufacture iPhone 14/14 Plus models in India in Q4 2022, within 2-3 months of the start of production in mainland China. The much shorter interval means the growing importance of manufacturing in India and the potential allocation of iPhones to Indian manufacturing could increase in the future,” the report added. rice field.
As Apple expands its local manufacturing capacity in India, many want to make phones more affordable in India.The base iPhone 14 model retails for $799 in the US. , priced at INR 79,900 ($980). The entry-level iPhone Pro Max is Rs 139900 ($1,717) in India and $1,099 in the US.
Despite Apple's small market share in India, iPhone makers have increased their investment in the country over the past five years. The company publicly announced that he launched an online Apple Store in the country two years ago and is working on opening its first physical store in the country.
Apple rival Samsung has already identified India as an important global manufacturing hub, and he is building one of the country's largest factories. The current market-leading Chinese smartphone maker Xiaomi and its competitors Oppo, Vivo and OnePlus also manufacture many smartphones domestically.
The Information recently reported that Google is also planning to move some of its Pixel smartphone production to India. The company, which has skipped shipping its flagship model in India for two generations, announced last week that it will launch its upcoming Pixel 7 model in India. To know more about the Google Pixel 7 series click here.