Wednesday, 16 April 2025
Trending
Business

Apple produces iPhones in India at $14 billion

  • 13 percent of Apple’s flagship devices are now manufactured in India.
  • 67% of the gadgets were assembled by Foxconn, and 17% by Pegatron Corp.
  • The Indian consumer products company is also constructing a second plant in Hosur, Tamil Nadu.

13 percent of Apple’s flagship devices are now manufactured in India, where the company constructed $14 billion worth of iPhones in fiscal 2024, according to Bloomberg News. 67% of the gadgets were assembled by Foxconn, and 17% by Pegatron Corp.

The remaining iPhones were manufactured in the Karnataka plant of Wistron Corp., which was acquired by the Tata Group last year. When Reuters asked Apple for comment, Apple did not reply.

Apple iPhones

Even though China is still the world’s largest center for iPhone production, Apple is progressively trying to diversify its supply chain outside of China in light of the geopolitical concerns between Beijing and Washington.

According to a story published by Reuters on Monday, Pegatron is in advanced talks with the Tata Group to transfer management of its sole iPhone production facility, which is situated in the southern state of Tamil Nadu, close to Chennai.

The Indian consumer products company is also constructing a second plant in Hosur, Tamil Nadu, and Pegatron is probably going to be involved in a joint venture.

Related posts
BusinessIndia

March 2025: A Look at India's 2.05% Wholesale Inflation

WPI inflation eases to 2.05% in March, down from 2.38% in February. Food inflation declines…
Read more
Business

Sidara's £242m Takeover Offer for Scotland's Wood Group

Aberdeen-based Wood Group receives £242m acquisition proposal from UAE’s Sidara. Wood’s…
Read more
BusinessCrypto

Young Koreans Shift Focus to U.S. Stocks and Crypto

Investors in their 20s and 30s are exiting Korean markets, citing poor returns. U.S. stocks and…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

New Update in Google Phone App to Identify Unknown Numbers

Worth reading...