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Apple to Initiate iPhone 17 Production in India in 2024, Doubling Indian-made iPhones by 2024 Amid Decreased Production in China

Apple partnership with manufacturers such as Foxconn, Pegatron and Tata Group reveals strategic repositioning to diversify supply chain, reduce reliance on China, and boost Indian economy with surge in iPhone sales.

Overview

  • Apple plans to initiate the production of iPhone 17 in India by the second half of 2024, a move that for the first time would not begin in China.
  • Renowned analyst Ming-Chi Kuo states that this shift is in an effort for Apple to lessen its dependence on Foxconn’s facilities in Zhengzhou and Taiyuan, China, with predicted decrease by 35-45% and 75-85%, respectively, by 2024.
  • With Apple's partnership with Tata Group, an Indian entity is included into Apple's supply chain, which might strengthen its relationship with the Indian government, and possibly increase iPhone sales and Apple’s growth in upcoming years.
  • Currently, 12-14% of global iPhone shipments are made in India, with a goal to increase this proportion to 20-25% by 2024.
  • Cupertino-based tech company has expressed interest in expanding their services portfolio in India and have explored the launch of Apple Pay in the country.