Apple triples India iPhone output to US$7bil in China shift

An Apple Inc. billboard in Mumbai, India, on April 5, 2023. Apple Inc is set to open its first official retail store in India soon, a landmark move for the iPhone maker which is placing big bets on the South Asian nation for everything from manufacturing to sales. — Bloomberg

Apple Inc assembled more than US$7bil (RM30.82bil) of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China.

The US company now makes almost 7% of its iPhones in India through expanding partners from Foxconn Technology Group to Pegatron Corp, people familiar with the matter said. That’s a significant leap for India, which accounted for an estimated 1% of the world’s iPhones in 2021.