Apple is more and more seeking to diversify its provide chain past China.
Apple Inc has assembled $14 billion price of iPhones in India in fiscal 2024, Bloomberg Information reported on Wednesday.
Apple now makes as a lot as 14% or about 1 in 7 of its marquee units from India, the report stated, citing individuals acquainted with the matter.
Foxconn assembled almost 67% whereas Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added. Wistron Corp’s plant in Karnataka, which the Tata Group took over final 12 months, made the remaining.
Apple didn’t instantly reply to a Reuters request for remark.
Apple is more and more seeking to diversify its provide chain past China amid geopolitical tensions between Beijing and Washington, whilst China stays the biggest iPhone-making hub on this planet.
Reuters reported on Monday that Pegatron is in superior talks at hand over management of its solely iPhone manufacturing facility, situated close to Chennai, to the Tata Group.
The patron items conglomerate can be constructing one other plant in Hosur in Tamil Nadu, with Pegatron more likely to emerge as its three way partnership associate.
