Nikkei: Apple starts production of new iPhones in India to accelerate moving out of China.
Nikkei Asia quoted sources as reporting that Apple has started production of high-end iPhones in China only a few days ago, and immediately began mass production of the latest iPhones in India, including the Pro series, highlighting Apple's commitment to building a supply chain outside of China. $Apple (AAPL.US)$ (New Delhi, 30th) Nikkei Asia quoted sources as reporting that Apple has started production of high-end iPhones in China only a few days ago, and immediately began mass production of the latest iPhones in India, including the Pro series, highlighting Apple's commitment to building a supply chain outside of China.
According to sources quoted by Nikkei Asia, Apple's move not only aims to reduce the impact of geopolitical uncertainty, but also reflects the progress made in India's supply chain in recent years in terms of technology.
In the past, China was the main producer of the latest high-end iPhones, and Indian suppliers could only get orders for low-end or outdated models. However, due to Apple's efforts to expand supply chain resilience, this situation has changed.
According to a supply chain survey, about 30 million iPhones were assembled in India last year. However, in the first half of this year alone, the number of iPhones assembled in India has reached around 18 million. These phones are not only supplied to the Indian market, but also exported to other countries, mainly to the USA.
Ivan Lam, an analyst at Counterpoint Research, said that as major brands focus on diversifying production bases and expanding into the Indian market, India has become one of the major assembly locations for smartphones outside of China.
Recently, there have been reports in the media that the iPhone manufacturing yield at Foxconn's facilities in India is not satisfactory, but Foxconn's chairman, Liu Yangwei, has come forward to defend the yield in India, affirming that it is higher than 50%.
Liu Yangwei said, "If the yield is really as low as rumored, even if I don't withdraw, the customers will ask me to withdraw." He did not provide specific data on the yield rate in India.
Amidst fierce competition in China, Apple is gradually shifting its focus to the massive Indian market. Apple's shipments in India in the first quarter of 2024 increased by 19% compared to the same period last year.
According to Nikkei Asia, Apple's quarterly revenue in India as of March 30th of this year also reached a record high. In the market for high-end flagship smartphones priced over $800, Apple's market share is 69%, higher than Samsung Electronics' 31%.
News Source: World News
Source: Nanyang Siang Pau
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