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New Delhi49 minutes ago
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Apple is currently selling 50% of the iPhone in the US market.
US President Donald Trump told Apple CEO Tim Cook that there was no need to set up a factory in India. We are not interested in your construction in India, India can take care of itself.
Trump on Thursday conveyed the conversation with the Apple CEO in the program with business leaders in Doha, the capital of Qatar. He said that Apple would now increase production in America. According to Trump, Apple should only build a factory in India to target the Indian market.
At the same time, Trump also stated in the program that India had proposed a vacuum to our trade. He said that India is ready to take any complaint from us in trade.
50% of the iPhone sold in the US market is being made in India
Apple CEO Tim Cook recently said in an interview that 50% of the iPhone sold in the US market was being made in India. Cook said that India would become a country of the iPhone source sold in the United States in April-June Quarter. He said other products like Airpods, Apple Watch are also being made mostly in Vietnam.
The company is giving priority to India and Vietnam due to lower tariffs than China. China has only 5% tax on import from India and Vietnam rather than higher tariffs in China.
The country will be made up of 6 crore+ iPhone in the country by 2026
According to the Financial Times report, Apple has been working for a long time to remove its dependence on China.
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 still remains 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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