Apple likely ready to make 50 million iPhone units a year in India

Apple aims to manufacture more than 50 million iPhones in India per year, as it aims to shift some of the production out from China through its suppliers, a report said on Friday. The tech giant aims to achieve the target within the next two to three years, with additional tens of millions of units planned after that, reports the Wall Street Journal, citing people close to the development.  If Apple achieves this target, India would account for a quarter of global iPhone production. China will remain the largest iPhone producer, the report mentioned. Also Read: No iPhone 18? Apple Reportedly Prioritising Foldable iPhone Launch Next Year

Apple is facing an uphill battle as it plans to shift its production out of China. Although the conditions essential for manufacturing of smartphones and other electronics in India are not as favourable as those in China, Apple has been bullish about its investments in India. Its main supplier Foxconn plans to build more factories in India, as Tata Group now gears up to reportedly build one of India’s largest iPhone assembly plants. Also Read: Apple’s Foldable iPhone Could Outprice Samsung Galaxy Z Fold 7 By A Wide Margin: Here's How Much It May Cost

India saw mobile phones exports worth $5.5 billion (over Rs 45,000 crore) in the April-August period in the ongoing fiscal year (FY24), according to government and industry data. As per estimates by the Department of Commerce and the India Cellular and Electronics Association (ICEA), accessed by IANS, the April-August period saw mobile phone exports worth $5.5 billion, against $3 billion (about Rs 25,000 crore) in the same period in FY22-23. Also Read: Best tips to use iPhone like a Pro

Apple led the India-made phone exports in the April-August period, surpassing more than 50 percent of the total estimated figure for the first time, followed by Samsung. In the June quarter, Apple shipped nearly 50 per cent of the country’s total 12 million smartphone shipments, as compared to Samsung’s 45 per cent export, sources had told IANS. India is set to cross Rs 1,20,000 crore in mobile phone exports in the current fiscal year, with Apple leading the market with more than 50 per cent in FY24.

— Written with inputs from IANS