Apple is Now Making 1 Out of Every 7 iPhones in India
Apple sourced 14% of its iPhones from India in fiscal 2024. That means around 1 iPhone out of every 7 iPhones was made in India. Apple assembles the iPhones in India, but the component manufacturing still doesn't happen locally. According to Bloomberg, the value of the iPhones that Apple assembled in India in fiscal 2024 was $14 billion. Foxconn is the largest supplier of Made in India iPhones. It accounts... Read More