Apple is said to double its iPhone production in India in 2024،
In recent years, India has become a key player in high-tech manufacturing and assembly, attracting the attention of major players like Apple, seeking to diversify and move away from their dependence on China . This change is part of the Indian government’s desire to stimulate local manufacturing and technology sectors. As we previously mentioned, Apple has ambitious plans to quintuple iPhone production in India over the next five years, and new sources now corroborate this information. Renowned analyst Ming Chi Kuoas reported Apple Insiderpredicts that Apple will double its iPhone production in India by 2024. By 2023, around 12-14% of global iPhone shipments would come from India, and it is hoped to increase this figure to 20-25% by 2024 if all goes as planned. plan.
Kuo attributes the significant rise to the continued manufacturing efforts of Foxconn, which has a significant 75-80% iPhone production capacity in India. The recent acquisition of Wistron’s iPhone production lines in India by Indian conglomerate Tata Group is also highlighted as a contributing factor.
According to Kuo, the deal with Tata not only strengthens Apple’s manufacturing capabilities in India, but also its relationship with the Indian government. He highlights the strategic importance of the move, saying it will have a positive impact on future sales of iPhones and other Apple products in India, thereby playing a crucial role in Apple’s growth over the next decade.
Looking ahead, Kuo anticipates the development of the first iPhone model designed in India. This is expected to begin in 2024, starting with the iPhone 17, a model scheduled for a public debut the following year. Choosing the standard iPhone as the first model designed outside of China is considered a low-risk choice due to its simple design.
Additionally, the memo highlights a shift in Foxconn’s production scale in China, with a projected decrease of 35-45% in Zhengzhou and 75-85% in Taiyuan by 2024. This reduction is attributed to Foxconn’s increased focus on India and Apple’s diversification strategy. involving other partners like Luxshare.
