India is achieving great success in presenting itself as an alternative to the factories of the world i.e. China. According to a Bloomberg report, the country has exported iPhones worth more than $1 billion in the five months since April.
Total exports are expected to reach $2.5 billion by March 2023, doubling in the same annual period by March 2022.
Currently, iPhone 11,12 and 13 models dominate the exports from the South Asian country to Europe and West Asia
Although the overall share of iPhone production from India is still comparatively small, recent trends show that the country is rapidly bridging the gap.
As reported by WION, in what comes in a historic turnaround, Apple last week officially announced that it is manufacturing its latest, flagship iPhone 14 in India along with China.
“The new iPhone 14 lineup introduces new technologies and significant security capabilities. We are excited to manufacture the iPhone 14 in India,” company statement.
By manufacturing the iPhone 14 in India, around the same time as in China, the Cupertino-based company is attempting to bridge this gap and bring it on par with China for future models. Earlier, Apple manufactured its iPhone 13 model in India six-seven months after its launch.
According to reports, by the end of the year, Apple may shift five percent of the global production of its iPhone 14 to India. According to analysts at JP Morgan, the company has set an ambitious target of manufacturing 25 percent of all iPhones in India by 2025.
Taiwanese major Foxconn is currently manufacturing all Apple devices at the company’s Sriperumbudur plant outside the south Indian city of Chennai.
(with inputs from agencies)