World Courant
Apple CEO Tim Prepare dinner attends the primary assembly of the American Workforce Coverage Advisory Board with then-President Donald Trump within the State Eating Room of the White Home in Washington, DC, on March 6, 2019.
Saul Loeb | AFP | Getty Photographs
Apple produced $14 billion price of iPhones in India final fiscal yr, an indication of the corporate’s continued efforts to supply extra gadgets exterior China, a report from Bloomberg stated Wednesday.
As US-China relations have deteriorated, Apple has been working to diversify its provide chain by increasing manufacturing in international locations corresponding to Vietnam and India. It is a large change for the iPhone maker, which has historically relied on China for manufacturing.
Apple now makes about 1 in 7, or 14%, of its iPhones in India, twice as many as final yr, the report stated. The producer Pegatron assembled about 17% of these iPhones, whereas Foxconn produced about 67%, based on the report. Wistron constructed the remaining.
In June 2023, Apple CEO Tim Prepare dinner and different know-how executives met with Indian Prime Minister Narendra Modi on the White Home. Prepare dinner advised CNBC after the assembly that India represents a “large alternative.” Apple opened its first shops within the nation final yr.
China stays an important marketplace for Apple, however gross sales have gotten off to a rocky begin this yr. A March report from Counterpoint Analysis discovered that iPhone gross sales in China fell 24% within the first six weeks of 2024. The corporate stated Apple faces important competitors from different smartphone distributors corresponding to Huawei.
Apple declined to remark.
