Newest iPhone 14 Will be Produced by Apple in India
As a result of economic restrictions and geopolitical tensions that have disrupted supply chains for numerous industries, Apple Inc. said on Monday that it will manufacture its most recent iPhone 14 in India. This month, Apple announced its newest line-up of iPhones.
They will cost the same as last year’s versions but have better cameras, quicker processors, and longer-lasting batteries.
India is the second-largest smartphone market in the world after China, but Apple iPhone sales have found it difficult to win a significant market share versus less expensive devices from rivals.
Newest iPhone 14 Will be Produced by Apple in India https://t.co/5FRdq5DVu9 #apple
— Advisory Excellence (@_aenetworking) September 26, 2022
The Cupertino, California-based company’s statement fits in with Prime Minister Narendra Modi’s push for local manufacturing, which has been a major objective for his administration since he took office in 2014.
The tech corporation placed a significant wager on India, where it initially started assembling its iPhone SE in 2017 and has subsequently done so for a number of other iPhone models. Apple launched its online store for India two years ago, but the corporation has reportedly put off plans for an Indian flagship store.
Foxconn, a significant iPhone manufacturer with operations on the outskirts of Chennai, a city in southern India, will distribute the most recent model.
According to a JP Morgan study cited by the Press Trust of India news agency, Apple is set to move roughly 5% of its iPhone 14 production to India starting later this year, increasing it to 25% by 2025.
By 2025, researchers predict that, compared to the current 5%, close to a quarter of all Apple products will be produced outside of China. According to the analysis, supply chain risks like the strict COVID-19 lockdowns observed in China are likely what will spur these relocation attempts, which will last for the next two to three years.
The majority of Apple Inc.’s smartphones and tablets are assembled by third parties with factories in China, but after multiple shutdowns to combat COVID-19 disrupted its global flow of products, the company began asking them to consider moving some production to Southeast Asia or other locations in 2020.
Although Apple hasn’t provided any information, news reports claim the corporation planned to establish assembly lines for wireless headphones and tablet computers in Vietnam.
Due to rising labour costs and other expenses, as well as the difficulty for foreign executives to visit China due to anti-COVID-19 travel restrictions, other businesses are maintaining or increasing manufacturing in China to serve the domestic market while moving export-oriented work to other nations.