Quick News Bit

Cheaper iPhones on the way? Apple is actively looking to increase production in India | Digit

0

The Minister of Commerce and Industry Mr Piyush Goyal announced that tech-giant Apple has new plans for India. The company is planning to increase its iPhone production in India to 25% from the present 5-7%. 

iPhone 14

The minister further praised the move as “another success” story for the economy. However, there has been no official confirmation from Apple’s side. Recently, Apple produced the latest model of the iPhone 14 series in India, close to its launch. This was a first as Apple was earlier only producing older models in India. 

Manufacturing of iPhones started in India only in 2017. Apple has entrusted Foxconn, a Taiwanese company with the production of its phones. In India, they are being produced in Sriperumbudur which is located on the outskirts of Chennai.

Apple to increase iPhone production in India

Analysts from JP Morgan have said that Apple could bring 25% of its global iPhone production to India by 2025. This could come as a blessing to India’s economy as Apple is the world’s biggest technology company. Eventually, this would help establish India’s image as a high-skill tech market.

Apple is exploring options to shift some of its manufacturing elsewhere from China. A majority of the iPhones are being produced in China. However, during the Covid outbreak production saw a lot of disruptions.

iPhone 14

A CNBC report also stated that India is considering bringing a certain part of Apple’s iPad production home from China.

Presently, Apple only has a small 5% market share in India’s smartphone market. But at the same time, CEO Tim Cook has recognized it as a potential market.

For more
technology news,
product reviews, sci-tech features and updates, keep reading
Digit.in or head to our
Google News page.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment