Indian Economy News

Apple may move a quarter of iPhone production to India by 2025: JP Morgan

  • IBEF
  • September 22, 2022

According to JP Morgan, by 2025, Apple is expected to manufacture one out of every four iPhones in India as the tech giant has shifted some of its manufacturing away from China due to rising geopolitical tensions and stringent COVID-19 lockdowns in the country.

India, the second-largest smartphone market in the world after China, is expected to receive around 5% of Apple's iPhone 14 manufacturing starting in late 2022.

Apple, based in Cupertino, California, has placed a significant bet on India since it started assembling iPhones in 2017 with Wistron and later with Foxconn, in accordance with the Indian government's push for local manufacturing.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.