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Now, 1 in 7 iPhones Manufactured In India As Output Hits $14 Bn

Inc42 · 1y

Apple has manufactured around $14 billion worth of iPhones in India during the fiscal year 2024. This makes up approximately 14% of the company's flagship devices, which translates to about 1 in every 7 iPhones. Taiwanese manufacturers Foxconn and Pegatron have played a significant role in boosting Apple's production output in India. Foxconn assembled around 67% of the iPhones made in India, while Pegatron contributed about 17%. This move is part of Apple's effort to diversify its supply chains and reduce its dependence on China for production. The company is also reportedly planning to offer residential facilities to factory workers in India. In terms of revenue, Apple accounted for 23% of smartphone revenue share in India in 2023, making it the top smartphone brand in the country.