Apple clocks record shipments for India-made iPhones, India sales at all-time high
Apple clocks record shipments for India-made iPhones, India sales at all-time high: In a shift from its heavy reliance on China, Apple has made substantial investments in India to diversify its production chain. Those investments have already started to reflect substantially in Apple’s annual numbers. Noted analyst Ming-Chi Kuo’s report on Medium revealed that approximately 14% of the iPhone units shipped in 2023 were assembled in India, signifying the tech giant’s progress towards its goal of reducing dependency on China. Kuo’s analysis outlined that 12 to 14% of global iPhone shipments in 2023 originated from India, with Foxconn accounting for about 80% of the production capacity in the country. Looking ahead, Kuo anticipates a substantial decrease in Foxconn’s production scale in China by 2024, estimating a reduction between 35 to 45% in Zhengzhou and a much more significant drop of 75 to 85% in Taiyuan. The relocation of production by Luxshare, another key Apple manufacturing...