Apple Triples Iphone Production In India In FY 23

In the most recent fiscal year, Apple Inc. has tripled production in India, after speeding a move outside of China.

As per the media reports, the US business now manufactures approximately 7 per cent of its iPhones in India through increasing partners like Foxconn Technology Group and Pegatron Corp. For India, which produced an estimated 1 per cent of the world's iPhones in 2021, it is a huge increase.

The instability at Foxconn's primary "I Phone City" facility in Zhengzhou last year, which highlighted weaknesses in Apple's supply chain and compelled it to lower output projections, made the world's most valuable corporation struggle. Additionally, a slew of incentives have been given out by Indian Prime Minister Narendra Modi to encourage domestic production.

Apple exported USD 5 billion worth of iPhones in the year that ended in March 2023, about four times as many as the year before. Sometime in the fall of 2023, Apple will probably attempt to produce the upcoming iPhones in India at the same time as they are in China.

If true, it will mark the first occasion when iPhone assembly starts simultaneously in both nations. Additionally, assuming its suppliers' ambitious development continues, Apple may produce 25 per cent of all its iPhones in India by 2025. The US company's representatives declined to comment.