Apple may reportedly move 20% of iPhone production from China to India
In accordance with the report from Indian news outlet The Economic Times, Apple executives have been in discussion with key Indian government officials to skim the possibility to move a gigantic chunk of Apple’s iPhone production from China to India. The manufacturing revenues could be expected to flee as much as $40 billion over the successive five years. This is according to “officials familiar with the matter.”
Apple, nonetheless, doesn’t have a large market within the premises of India. However, by sources of the officials, it is being explored that Apple wants India to be a new manufacturing base, predominantly for export, likely to diversify the production outside China’s boundary. It is, through source, being known to fact that 20% of Apple’s iPhone production could be moved to India.
The Indian officials expects the exports to surpass $100 billion by 2025. From 2019-2020, the exports of smartphones were nearly around $3 billion out of India. Apple, however, already produces few iPhone XR units via Foxconn in India. Via Winstron, Apple moreover once produced the first-gen iPhone SE, iPhone 6S, and iPhone 7 in India, but have discontinued since after the time.