Apple Ups India Game: iPhone Output Reaches $14 Billion

  • Production Ramp Up: Apple significantly increased iPhone production in India, assembling a staggering $14 billion worth of iPhones in FY24.
  • Shifting Gears: This represents a 14% share of Apple's total iPhone production, signifying a move towards diversifying manufacturing beyond China.
  • Local Assembly Partners: Foxconn and Pegatron are the major players driving this growth, contributing nearly 84% of India-made iPhones.
  • Supply Chain Strategy: Apple's expansion in India aligns with its goal of mitigating dependence on a single production hub.

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