Apple assembled $14 billion worth of iPhones in India last financial year, doubling production in the country in what could be seen as a diversification in manufacturing beyond China. Apple now makes as much as 14% or about 1 in 7 of its marquee devices in India, a Bloomberg report said, citing people familiar with the matter.
Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones. Wistron Corp’s plant in Karnataka, which the Tata Group took over last year, made the remaining.
Apple did not confirm the numbers.
The American electronics giant is increasingly looking to diversify its supply chain beyond China amid geopolitical tensions between Beijing and Washington, even as China remains the largest iPhone making hub in the world.
The ramp-up in production suggests Apple is accelerating efforts to cut its longstanding reliance on China.
Manufacturing in India has lately picked up after govt introduced production-linked incentives (PLI) for over a dozen key sectors.
In 2017, Apple started manufacturing iPhones in India. The PLI scheme by the Central govt is likely to have attracted several gadget makers, including Apple, to set shop in the country.
