2023-11-02 19:01:48
Written by Muhammad Ayman Thursday, November 2, 2023 09:00 PM Apple has invested a lot of money in assembling some of its products in India to reduce its dependence on China. Today’s report by analyst Ming-Chi Kuo revealed that approximately 14% of the iPhone units shipped In 2023 it will be assembled in India, showing that Apple is progressing towards its goals, according to 9to5mac. iPhone production volume in India grows significantly Kuo said that about 12 to 14 percent of global iPhone shipments were “Made in India,” and of those shipments, Foxconn was responsible for about 80 percent of the country’s production capacity. The analyst expects that by 2024, Foxconn’s production volume in Zhengzhou will decline by about 35 to 45%, and production volume is also expected to decline by about 75 to 85% in Taiyuan. Luxshare, another manufacturing company serving Apple, has also moved part From its production to India. The impact of the Corona virus (COVID-19) pandemic on Apple Apple has relied solely on China for years, but this has proven to be dangerous after the Corona virus (COVID-19) pandemic, as many iPhone assembly factories were forced to stop their operations, and it is estimated that Disruption related to COVID-19 has cost the company $1 billion weekly, and diplomatic disputes between the US government and China have also affected Apple’s Chinese suppliers. In recent years, Apple has diversified its production chain and invested in its assembly plants in Brazil and Vietnam. However, India has shown huge potential to replace China in the long term on a global scale. A recent report revealed that Apple has already moved $7 billion worth of iPhone production to India. The same report says that Apple plans to reach $40 billion in the next five years. This year, for the first time, Apple began assembling the iPhone. New in India just a few weeks after production began in China. According to Kuo, Apple aims to make this a standard, and by the end of 2024, the company may take early development of the iPhone 17 (launching in 2025) to India, marking another milestone in reducing its dependence on China.
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