United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that, Apple’s rush to “Made in India” has been fruitful, with over US$7 billion worth of iPhones assembled in India in its last fiscal year. This means tripling iPhone production in the world’s fastest growing smartphone market. Foxconn, Wistron and Pegatron played an important role. The three major Taiwanese foundries’ Indian manufacturing business grew simultaneously and became big winners. With the help from its Taiwanese partners, Apple produced about 7 percent of iPhones in India in the last fiscal year, a huge jump from the previous 1 percent. In the current fiscal year, Apple assembled more than US$7 billion in iPhones in India by the end of March, of which US$5 billion was exported, nearly four times the amount in the previous year. Apple may attempt to produce the next generation of mobile phones simultaneously in India and Mainland China, possibly in the fall of this year, which will be the first time that Apple mobile phones get assembled simultaneously in China and India. A quarter of Apple’s phones could be assembled in India by 2025, if suppliers continue to expand aggressively.
Source: UDN, April 14, 2023