Apple To Start Manufacturing iPhone In India Soon: Report

Share via:


SUMMARY

Apple is reportedly looking for an initial manufacturing work on an iPhone 17 base model in India soon

According to The Information, the company is working with an Indian factory for the same

In September, the company reportedly started the production of the complete range of its latest iPhone16 in India. The company also plans to increase its workforce in the country from its current 3,000 employees

In its effort to expand manufacturing in India and reduce dependence on China, tech giant Apple is reportedly looking for an initial manufacturing work on an iPhone 17 base model in India soon.

According to The Information, the company is working with an Indian factory for the same.

The report further said that this Indian unit will handle the process of converting the iPhone 17 prototype into a mass-produced model. 

This move also marks that for the first time an Indian iPhone manufacturing unit has been pressed into exploring such an assignment.

The report further added that the introductory production of the standard iPhone 17 is expected to begin in India in the latter half of 2025.

The upcoming iPhone is expected to offer major upgrades in display and processing power.

In September, the company reportedly started the production of the complete range of its latest iPhone16 in India. The company also plans to increase its workforce in the country from its current 3,000 employees. 

Earlier in August, reports said that Apple’s India ecosystem could potentially employ 6 Lakh workers by the end of the current fiscal year (FY25) directly. 

The development comes at a time when Apple has actively diversified its production outside of China amid geopolitical tensions between Beijing and Washington DC. This pivot to India also comes on the back of hefty production linked incentives (PLIs) and other sops offered by the Centre. 

To produce iPhones in India, Apple has partnered with Foxconn, Pegatron, and Tata-owned Wistron.

As per Economic Survey 2023-24, India contributed about 14% to Apple’s overall production in FY24 and emerged as a key hub for its global exports. Contract manufacturers Foxconn, Wistron (now owned by Tata Group) and Pegatron cumulatively produced iPhones worth INR 1.2 Lakh Cr in India in FY24, of which INR 85,000 Cr worth of devices were exported.

Meanwhile, earlier this month, Apple reportedly announced plans to open four additional retail stores across India. The new stores are set to open in Bengaluru, Pune, Delhi NCR, and Mumbai. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple To Start Manufacturing iPhone In India Soon: Report


SUMMARY

Apple is reportedly looking for an initial manufacturing work on an iPhone 17 base model in India soon

According to The Information, the company is working with an Indian factory for the same

In September, the company reportedly started the production of the complete range of its latest iPhone16 in India. The company also plans to increase its workforce in the country from its current 3,000 employees

In its effort to expand manufacturing in India and reduce dependence on China, tech giant Apple is reportedly looking for an initial manufacturing work on an iPhone 17 base model in India soon.

According to The Information, the company is working with an Indian factory for the same.

The report further said that this Indian unit will handle the process of converting the iPhone 17 prototype into a mass-produced model. 

This move also marks that for the first time an Indian iPhone manufacturing unit has been pressed into exploring such an assignment.

The report further added that the introductory production of the standard iPhone 17 is expected to begin in India in the latter half of 2025.

The upcoming iPhone is expected to offer major upgrades in display and processing power.

In September, the company reportedly started the production of the complete range of its latest iPhone16 in India. The company also plans to increase its workforce in the country from its current 3,000 employees. 

Earlier in August, reports said that Apple’s India ecosystem could potentially employ 6 Lakh workers by the end of the current fiscal year (FY25) directly. 

The development comes at a time when Apple has actively diversified its production outside of China amid geopolitical tensions between Beijing and Washington DC. This pivot to India also comes on the back of hefty production linked incentives (PLIs) and other sops offered by the Centre. 

To produce iPhones in India, Apple has partnered with Foxconn, Pegatron, and Tata-owned Wistron.

As per Economic Survey 2023-24, India contributed about 14% to Apple’s overall production in FY24 and emerged as a key hub for its global exports. Contract manufacturers Foxconn, Wistron (now owned by Tata Group) and Pegatron cumulatively produced iPhones worth INR 1.2 Lakh Cr in India in FY24, of which INR 85,000 Cr worth of devices were exported.

Meanwhile, earlier this month, Apple reportedly announced plans to open four additional retail stores across India. The new stores are set to open in Bengaluru, Pune, Delhi NCR, and Mumbai. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Bitcoin miners cut costs, embrace AI post-halving: CoinShares

Miners including Cormint and TeraWulf are among the...

Vietnam’s D2C men’s apparel brand secures $6m series B

The financial banking is led by Vertex Ventures...

Bank Jago profits surge 71% in Q3

Bank Jago's net profit after tax reached 86...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!