Saturday, May 31, 2025

Latest

iPhones ‘Made In India’ Poised To Double, Filling The Chinese Manufacturing Gap

Outbound exports of India-made iPhones are expected to reach US$2.5 billion in the fiscal year ending March 2023, nearly doubling the prior year, according to sources by Bloomberg News.

Apple Inc (NASDAQ: AAPL) has begun this year to move major parts of its manufacturing process to India and Brazil in order to navigate China’s strict COVID policies, making the supply chain vulnerable to shocks.

Since April, India’s exports have surpassed US$1 billion, highlighting the tech giant’s expanding reliance on the South Asian country amid New Delhi’s push for local manufacturing.

Apple began producing the iPhone 13 in India earlier this year, and the company said last week that it intends to produce the next iPhone 14 in the country as well. However, the smartphone brand reportedly told its suppliers not to proceed with efforts to increase production of the new iPhone models as the projected surge in demand failed to materialize.

Since 2017, Apple has been producing iPhones in India.

Chinese newspaper casts doubt on ‘made in India’ iPhones

Chinese newspaper People’s Daily tried to downplay the manufacturing shift, saying the American smartphone brand might not find it easy doing business in India.

“Apple’s move to India may be successful, but the process must not be smooth, as it depends on how India can adjust its labor policies,” the paper noted. “If Apple’s presence is to survive and grow, it must be based on India’s improved policies and legal system, which will be beneficial for more foreign companies to enter India in the future.”

The American firm works with its contractors Foxconn for the iPhone 12, 13, and 14 and Wistron for the iPhone SE models in India. However, the retail prices won’t budge that much as components are mostly sourced still outside India, including China.

Apple last traded at US$145.82 on the Nasdaq.


Information for this briefing was found via Bloomberg, Hindustan Times, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Trudeau Assures Fight Against Chinese Interference On Elections… Ten Months After He Was Briefed

Prime Minister Justin Trudeau assured Canadians that the federal government is taking “significant measures” to...

Tuesday, November 8, 2022, 04:36:00 PM

Is China Turning Into An Oil Powerhouse?

China, long known for its voracious oil consumption and burgeoning electric vehicle market, is reclaiming...

Thursday, April 18, 2024, 03:05:00 PM

Brazil, China Agree to Dump Dollar, Will Trade in Local Currencies Instead

China and Brazil have decided to forego using the US dollar, and will instead trade...

Friday, March 31, 2023, 06:18:00 AM

People’s Bank of China Adds 15 Tonnes Of Gold To Reserves

China’s central bank bought even more gold last month, as it looks to strengthen the...

Wednesday, February 8, 2023, 03:00:00 PM

Did China Sabotage Northvolt? Unraveling the Crisis Behind Sweden’s Battery Giant

The Swedish battery manufacturer Northvolt, once hailed as a key player in Europe’s push towards...

Thursday, September 19, 2024, 12:59:00 PM