One of every seven iPhones is now made in India
Apple assembled $14 billion worth of iPhones in India during the last fiscal year. This is double the amount from the previous period, marking a push towards reducing its dependency on China.
According to Bloomberg, one in seven iPhones is now made in India, which is about 14% of the total output.
Apple decided to move some of the device production to India, following the geopolitical tension between the United States and China. Local sources revealed Foxconn assembled nearly 67% of the total, with 17% more manufactured by Pegatron in the twelve-month period ending in March 2024.
The remaining units were made in Wistron's plant in Karnataka state, which was recently acquired by Tata Group.
Government officials said the growth in iPhone manufacturing has created 150,000 direct jobs. Analysts see this as a big win for the current administration of Prime Minister Narendra Modi, as he is contesting for a third consecutive term in the upcoming elections, scheduled to take place in the next few weeks.