Apple’s Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub Ming-Chi Kuo, a reputable analyst known for his insights into Apple’s supply chain and product plans, has revealed that Apple has ambitious plans to double its iPhone production in India by the year 2024. This move highlights India’s increasing significance as a high-tech manufacturing and assembly hub for the tech giant.
Several factors contribute to this strategy. Firstly, India has been actively fostering a favorable environment for tech manufacturing, offering incentives and reducing barriers to attract investments from companies like Apple.
Foxconn, one of Apple’s key manufacturing partners, holds a significant share of iPhone production capacity in India, estimated to be in the range of 75-80%. This has allowed Apple to diversify its production base and reduce dependency on China, where it has traditionally manufactured the majority of its products.
Furthermore, Luxshare, a company that initially specialized in making iPhone cables, has expanded its operations and is now doubling its iPhone production. This shift indicates Apple’s efforts to broaden its supplier base and increase manufacturing capabilities in India.
The expansion of iPhone production in India not only helps Apple in terms of diversification and cost efficiency but also aligns with the Indian government’s “Make in India” initiative, which aims to boost local manufacturing and employment opportunities.
Overall, Apple’s plans to double iPhone production in India demonstrate the company’s commitment to tapping into the potential of the Indian market and leveraging India’s growing reputation as a manufacturing and assembly hub for high-tech products.
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