India likely to manufacture every 2nd iPhone by 2027, say reports
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Loading... - Abhay Shah
- 17 Jan 2023
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India is likely to produce one in two of the world’s iPhones by 2027, compared with the current state of less than 5 per cent, news reports on Monday suggested. Data shows that Apple exported more than $2.5 billion of iPhones from India from April to December, nearly twice the previous fiscal year’s total.
This analysis was reported by the South China Morning Post, according to a forecast last week by Luke Lin, an analyst at the research unit of Taiwan’s DigiTimes newspaper. JPMorgan had earlier predicted that India would assemble 25 per cent of total iPhones worldwide by 2025.
Breaking away from its tradition, Apple Inc. began assembling its latest iPhone models in India, a key win for Prime Minister Narendra Modi’s “Make in India” campaign. Read More…
