Modi’s ambitious ‘Make in India’ project – Apple iPhone shipments hit new milestone

‘Make in India’ shipments from Apple grew 65 per cent (on-year) by volume and 162 per cent by value, taking the brand’s value share to 25 per cent in 2022 from 12 per cent in 2021, a new report by Counterpoint Research has shown.

In Q4 2022, Samsung emerged as the top smartphone maker ahead of Oppo, whose manufacturing shipments declined by 31 percent due to inventory issues in the entry-tier segment.

“Apple’s EMS partners Foxconn Hon Hai, Wistron and Pegatron were among the top 10 EMS players in India in terms of volume in 2022. Foxconn Hon Hai and Wistron lead the EMS landscape in terms of value,” Singh said.

Both these manufacturers have also received PLI incentive in recent disbursements.

Among OEMs, Oppo leads ‘Made in India’ smartphone shipments with 22 per cent share in 2022, followed by Samsung.

The report added that in the coming times, we could see the country taking advantage of the PLI scheme, thanks to rising exports from Apple and Samsung.