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India's iPhone exports soar by one-third, underscoring Apple's push to reduce reliance on China

Livemint

Livemint · 10m ago

India's iPhone exports soar by one-third, underscoring Apple's push to reduce reliance on China

India's iPhone exports have surged by one-third, showcasing Apple's efforts to reduce its dependence on China. This reflects Apple's strategic push to diversify its manufacturing and supply chain, with India emerging as a key player. Stay updated with the latest news on companies, including financial performance, acquisitions, and market trends, to gain valuable insights into the ever-evolving business landscape.

Related News

Apple to begin assembling THIS product in India: Here’s what the report suggests | Mint

Livemint

Livemint · 8m ago

Apple to begin assembling THIS product in India: Here’s what the report suggests | Mint

Apple is planning to start manufacturing AirPods in India, an expansion of its manufacturing operations beyond China. Foxconn, a key Apple supplier, is reportedly preparing to produce AirPods at a new facility near Hyderabad. Trial production is already underway, with full-scale manufacturing expected to begin in 2024. Apple's decision to increase manufacturing in India is driven by government incentives, a skilled workforce, and geopolitical tensions with China. This move will boost Apple's exports and diversify its production base. India's growing role as a manufacturing hub for Apple reflects the company's efforts to reduce reliance on China.

Chinese consumers cheer Apple's iPhone 15, others prefer Huawei

Economic Times

Economic Times · 1y ago

Chinese consumers cheer Apple's iPhone 15, others prefer Huawei

Apple's iPhone 15 received mixed reactions in China, its third-largest market. Many users liked the faster chip and improved gaming capabilities, but some preferred Huawei's new smartphone. Huawei's recent launch and state media support amid US sanctions have influenced consumer sentiment. The smartphone market in China is in a slump, and the country's slowing economy may affect iPhone 15 sales. IDC predicts increased competition from Huawei will gradually reduce Apple's market share in China's premium phone market.

Apple plans to assemble iPhone 17 in India: Ming-Chi Kuo

Livemint

Livemint · 1y ago

Apple plans to assemble iPhone 17 in India: Ming-Chi Kuo

Apple is reportedly planning to assemble the iPhone 17 in India, marking the first instance of iPhone development outside of China, according to analyst Ming-Chi Kuo. Approximately 12-14% of iPhones distributed worldwide are already manufactured in India. The decision to produce the iPhone 17 in India is attributed to its simplified design, which is expected to reduce potential complications. This move is part of Apple's effort to diversify its supply chain and reduce reliance on Chinese manufacturing.

US tariff to hit iPhone production expansion, electronics exports

Economic Times

Economic Times · 29d ago

US tariff to hit iPhone production expansion, electronics exports

US President Donald Trump's 25% tariff on Indian imports may hinder Apple's iPhone production expansion and electronics exports. The tariff, alongside Chinese restrictions on critical components, poses a challenge for India's electronics manufacturing sector, potentially impacting exports and increasing production costs. While Apple plans to grow its iPhone production in India, meeting US demand requires significant expansion. Experts emphasize the need for India to reduce dependencies and diversify its electronics export markets.

Apple India produces $22 billion of iPhones in a shift from China

Economic Times

Economic Times · 4m ago

Apple India produces $22 billion of iPhones in a shift from China

Apple has accelerated its iPhone production in India, assembling $22 billion worth of devices in the year ending March, marking a 60% increase. This shift is part of Apple's strategy to diversify production away from China. Now, 20% of Apple’s iPhones are produced in India, predominantly by Foxconn and Tata Group. Exports to the U.S. have surged, supported by government incentives. Despite these changes, Apple’s reliance on China remains significant.

Chinese smartphone exports to US plunge to lowest since 2011

Economic Times

Economic Times · 3m ago

Chinese smartphone exports to US plunge to lowest since 2011

Chinese smartphone exports to the US fell to their lowest since 2011, driven by US tariffs on imports. Smartphone exports dropped 72% in April, highlighting disruptions in tech supply chains and fears of a global trade war. The US-China trade tensions were exacerbated by sanctions and talks over high-value exports. Meanwhile, Apple's production in India has increased, underscoring a shift in manufacturing locations as production in the US remains unfeasible.

Apple set to launch iPhone 15 series in India along with global debut: Report

Livemint

Livemint · 1y ago

Apple set to launch iPhone 15 series in India along with global debut: Report

Apple is planning to manufacture its upcoming iPhone 15 at its Foxconn facility in Chennai, India, aiming for a mid-September release. The move is intended to minimize the time gap between the Indian launch and the global release, possibly achieving a simultaneous debut in India. Apple's efforts to reduce this gap have already begun, with trial production of the iPhone 15 commencing in China in June. Apple intends to kick off exports of India-made iPhone 15 series devices in December 2023, initially to meet local Indian demand during the festive season, with future plans for exports to other regions like Europe and the US.

ETtech Explainer: Inside India's iPhone dreams — The story so far

Economic Times

Economic Times · 4m ago

ETtech Explainer: Inside India's iPhone dreams — The story so far

Apple is pivoting iPhone production towards India amidst U.S.-China trade tensions and tariffs, which complicate plans to move manufacturing from China. Although Foxconn and Tata Electronics are expanding in India under the PLI scheme, China still dominates Apple's production. The U.S. push for domestic production faces cost issues, with American-assembled iPhones being significantly more expensive. Apple's shift to India is contingent on evolving trade agreements and navigating delays from China regarding production equipment.

Apple’s India Ecosystem May Create 6 Lakh Jobs By FY25: Report

Inc42 · 1y ago

Apple’s India Ecosystem May Create 6 Lakh Jobs By FY25: Report

Apple is planning to move its production from China to India, a move that could potentially create 600,000 jobs in the country by 2025. The company's industrial ecosystem is expected to generate 200,000 direct jobs by the end of the fiscal year. This shift aligns with Apple's strategy to diversify its manufacturing capabilities and reduce its reliance on China. Apple has already started training workers in its Tamil Nadu plant to manufacture iPhone 16 Pro and Pro Max models.

Indian rapeseed meal exports soar as China replaces Canadian supply

Economic Times

Economic Times · 2m ago

Indian rapeseed meal exports soar as China replaces Canadian supply

China is significantly increasing its rapeseed meal imports from India due to its imposition of a 100% tariff on Canadian imports. India's exports of rapeseed meal to China are projected to reach 500,000 metric tons in the 2025/26 marketing year, a substantial increase from previous figures. This shift is attributed to competitive pricing offered by India and boosts rapeseed oil supplies locally. Traditional buyers of India's rapeseed include South Korea, Bangladesh, Thailand, and Vietnam.

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