Apple CEO Tim Cook dinner attends the primary assembly of the American Workforce Coverage Advisory Board with then-President Donald Trump within the State Eating Room of the White Home in Washington, D.C., on March 6, 2019.
Saul Loeb | AFP | Getty Photographs
Apple produced $14 billion value of iPhones in India during the last fiscal 12 months, an indication of the corporate’s continued effort to fabricate extra units exterior of China, a report from Bloomberg mentioned Wednesday.
As relations between the U.S. and China have soured, Apple has labored to diversify its provide chain by increasing manufacturing in nations like Vietnam and India. It is a large shift for the iPhone maker, which has traditionally relied on China for manufacturing.
Apple now makes round 1 in 7, or 14%, of its iPhones in India, twice the quantity it produced there final 12 months, the report mentioned. The producer Pegatron assembled round 17% of these iPhones, whereas Foxconn produced round 67%, in line with the report. Wistron constructed the remaining.
In June 2023, Apple CEO Tim Cook dinner and different tech executives met with India’s Prime Minister Narendra Modi on the White Home. Cook dinner informed CNBC after the assembly that India represents a “large alternative.” Apple opened its first retail shops within the nation final 12 months.
China stays an important marketplace for Apple, however gross sales have been off to a rocky begin this 12 months. A Counterpoint Analysis report from March discovered that iPhone gross sales in China dropped 24% within the first six weeks of 2024. The agency mentioned Apple faces important competitors from different smartphone distributors like Huawei.
Apple declined to remark.
