Apple Assembles Over $7 Billion of iPhone In India During 2022-23; Output Tripled: Report

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Apple Assembles Over $7 Billion of iPhone In India During 2022-23; Output Tripled: Report


Apple now makes nearly 7 per cent of its iPhones in India.

Apple now makes nearly 7 per cent of its iPhones in India by means of increasing companions from Foxconn Technology Group to Pegatron Corp

Apple assembled greater than $7 billion of iPhones in India through the monetary 12 months 2022-23, tripling manufacturing on the earth’s fastest-growing smartphone area after accelerating a transfer past China, in line with a Bloomberg report. It added that Apple now makes nearly 7 per cent of its iPhones in India by means of increasing companions from Foxconn Technology Group to Pegatron Corp.

That’s a major leap for India, which accounted for an estimated 1 per cent of the world’s iPhones in 2021. It comes after Apple is seeking to shift its reliance from China to different international locations at the same time as tensions between Washington and Beijing proceed to escalate.

Last 12 months, Apple additionally witnessed chaos at Foxconn’s foremost “iPhone City” complex in Zhengzhou. At the same time, Prime Minister Narendra Modi has dished out a spate of incentives to boost local manufacturing.

Meanwhile, Apple is opening its maiden India stores in Mumbai and Delhi next week. Apple’s Mumbai store at BKC is called Apple BKC and will open on April 18. The Mumbai store is inspired by the artwork inside the iconic ‘Kaali Peeli’ taxis in the city. Apple BKC creative will also comprise interpretations of the decals along with several Apple products and services that will be available for consumers.

The Apple store in Delhi, called Apple Saket, will open on April 20 in south the national capital’s Saket. The company revealed the first-look of the store, showing its barricades which feature the Mughal-era gates of Delhi’s many historical monuments.

Apple said the colourful design takes inspiration from “Delhi’s many gates, each signifying a new chapter to the city’s storied past”. Apple Saket could have a devoted staff of specialists and creatives.

Apple CEO Tim Cook is predicted to go to India for the opening of the 2 flagship shops. The firm launched its on-line retail story in India in 2020.

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