Well-known Chinese news site NetEase (NASDAQ: NTES) recently reported that Apple said, not long ago, that the iPhone manufacturers are “excited to produce the iPhone 14 in India.” In order to diversify the supply chain and avoid over-reliance on China, it is reported that Apple plans to transfer a quarter of iPhone production to India by 2025. J.P.Morgan Chase analysts said they believe Apple will move about 5 percent of the iPhone 14 production to India by the end of this year. The iPhone 14’s mass production progress in India this year is still about six weeks behind China, and it has generally been behind by a quarter or more in the past. Apple first started producing the iPhone SE in India in 2017. This April, Apple announced that it had started production of the iPhone 13 smartphone in India. Previously, some iPhones were assembled at Foxconn’s local Indian factories, while others were assembled at Wistron’s Indian factories. Bloomberg revealed earlier in September that the Tata Group, a leading Indian company, is in talks with Taiwanese supplier Wistron, hoping to establish a joint venture to assemble Apple’s iPhones in India.
Source: NetEase, September 26, 2022