Apple to expand iPhone production 5 times in India

According to government sources, Apple plans to expand iPhone production by five times in India, to about $40 billion, within the next 4-5 years.

Specifically, according to an anonymous official, Apple's iPhone production in India has exceeded the $7 billion mark in 2022. Not stopping there, the iPhone maker wants to increase production scale 5 times in the next 4-5 years.

Apple is India's largest exporter of mobile phones.

In addition to manufacturing iPhones in India, Apple is also planning to start manufacturing AirPods headphones here from 2024. According to news site Bqprime, the company has no plans to assemble iPads and MacBooks in the country. The current focus of the US technology company is to expand its current production scale, the official said.

In the year ending September 25, 2022, Apple sold $191 billion worth of iPhones and $38.36 billion worth of wearables and accessories. In the first nine months of 2023, iPhone sales fell about 4% to $156.77 billion, while wearables, smart home, and accessories also fell slightly to $30.52 billion.

Apple is India’s largest mobile phone exporter. According to industry sources, iPhone 15 sales grew 100% compared to iPhone 14 on launch day (September 22). The iPhone 15 and 15 Plus are manufactured in the South Asian country. This year is the first time that Apple has sold iPhones made in China and India simultaneously on launch day.

According to research firm Counterpoint Research, Apple is leading the ultra-premium segment (priced above $500) with 59% in the first quarter of 2023. India is also in the top 5 markets of the "bitten apple" today.

Meanwhile, India plans to expand its electronics industry to $300 billion by 2026, based on increased smartphone production and a global push to reduce risks from China's supply chain, according to Bloomberg.

Source: https://baoquocte.vn/apple-mo-rong-quy-mo-san-xuat-iphone-gap-5-lan-tai-an-do-243742.html