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Apple has assembled iPhones worth $14 billion in India in the fiscal year 2024. Apple assembles 14% of its iPhones in India, which means 1 out of every 7 iPhones is assembled in India. Foxconn owns 67% of the iPhones assembled in India, Pegatron Corp assembles 17%, and Wistron Corp (which is now a part of the Tata Group) assembles the rest. Apple had shipped 1 crore iPhones to India in 2023. Right now China is Apple's biggest iPhone making hub.
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Even With 25% Tariff, 'Made in India' iPhones Will Still Be Cheaper in the US report from the Global Trade Research Initiative (GTRI) reveals that even if the US imposes a 25% import tariff on iPhones made in India, the total production cost would s
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As of April 2024, Tata Group is in the final stages of negotiations to acquire a majority stake in Pegatron Corp.'s iPhone manufacturing operations in India. The deal is expected to be finalized as soon as May. After the deal, Tata Group will run Peg
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In the wake of the US-China trade conflict, tech major Apple will source most of the iPhones sold in the North American nation in the June quarter from India. Apple CEO Tim Cook made the announcement in a post-earnings call. The CEOโs confirmation c
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