Apple Now Makes One in Four iPhones in India

Summary

Apple significantly increased iPhone production in India by 53% last year, now manufacturing a quarter of its devices there. This strategic move aims to mitigate U.S.-China trade risks and leverage India's production incentives, as reported by Bloomberg.

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Key Insights

What is the Production-Linked Incentive (PLI) scheme that supports Apple's manufacturing in India?
The PLI scheme is a government program launched to promote domestic manufacturing and exports of electronics like smartphones by providing financial incentives to companies based on their incremental production and sales performance.
Sources: [1], [2]
Which companies manufacture iPhones in India for Apple?
Apple manufactures iPhones in India through contract manufacturers including Foxconn (two units) and Tata Group (three units), supported by nearly 45 component suppliers.
Sources: [1], [2]
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