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Mumbai10 days ago
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China was about 20% for Apple’s Global iPhone shipment in 2021.
Apple is planning to make all the iPhones sold in the United States in India from next year. Recently, the company decided to impose tariffs on US President Donald Trump’s countries around the world and the tariff war with China. The Financial Times has released a report about it.
The country will be made up of 6 crore+ iPhone in the country by 2026
To reduce its dependence on China, Apple has been working to remove its supply chain for a long time. If Apple gathered in India later this year, more than 2026 iPhones will be made here from 2026. This is twice the current power.
China’s domination about iPhone production
China is still affected by the production of iPhone. According to the IDC, it was about 20% in the company’s Global iPhone shipment in 2021. Changing the production of iPhone sold outside the American market in China will help avoid high tariffs.
60% of iPhone production increased from March -24 to March -25
In 12 months from March 2021 to March 2021, Apple has made the iPhone 22 billion dollars (about 1.88 billion billions) in India. It has increased by 60% compared to last year.
At this time, Apple exported the iPhone 17.4 billion (about 1.49 million) from India. At the same time, one of every 5 iPhones worldwide is now being made in India. The iPhone production in India is made in the factory of Tamil Nadu and Karnataka.
The most produced in Foxconn. Foxconn is Apple’s largest production partner. In addition to these, Tata also produces electronics and pagtrons.
Sale of $ 8 billion iPhone in the fiscal year in 2024
Apple’s smartphone sales reached $ 8 billion in the fiscal year 2024. The part of the market was only 8%. The iPhone is still a luxury in India’s emerging middle class, so the market is expected to grow here.
Why is Apple’s focus in India?
- Variation of Supply Chain: Apple wants to reduce its dependence on China. Problems like geopolitical tension, trade disputes and Covid -10 lockdown felt that it is not right to rely much in one case. In this context, India is being proven as a less risky option for Apple.
- Expenditure facility: India provides labor at a lower cost than China, which makes it more attractive. Furthermore, the local level helps to avoid high import costs in electronics at the local level.
- Government Incuition: India’s Make in India Instive and Production Linked Insitive (PLI) schemes provide financial support to companies to increase local production. These principles have encouraged Apple partners like Foxcon and Tata to invest more in India.
- Increasing market prospects are increasing: India is one of the fastest growing smartphone market in the world. Local production helps Apple to meet this demand, as well as its market share, which is currently about 6-7%.
- Opportunity to export: Apple exports 70% of its iPhone made in India, which provides India’s short import tariff compared to China. In 2024, the export of iPhone from India reached $ 12.8 billion (about 1,09,655 crore). It is expected to increase further in the coming days.
- Skilled workforce and infrastructure: In terms of experience, India’s labor force is behind China, but it is still improving a lot. Partners like Apple’s Foxconn are training employees to meet Karnataka like plants like $ 2.7 billion (23,139 crore) and expand the benefits.
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Read this news too …
Foxcon is buying 300 acres of land in Uttar Pradesh: Manufacturing plant will be built near Yamuna Expressway, the company provides Apple products
Foxconn, a company that combines products like iPhone, iPad and Mac Book for Apple, is about to buy 300 acres of land in Uttar Pradesh Greater Noida.
The company will build a manufacturing plant on this land near the Yamuna Expressway. It will be Foxconn’s first plant in northern India and the production facility made in Bengaluru will be large. Hopefully it can be the second largest plant in the world.
Click here to read the whole news …
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