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Apple (NASDAQ:AAPL) confirmed on Monday that it might make its iPhone 14 in India, because the U.S.-based tech large diversifies manufacturing of its iconic system away from China amid COVID-19 lockdowns and enhance geopolitical tensions.
“The brand new iPhone 14 lineup introduces groundbreaking new applied sciences and essential security capabilities. We’re excited to be manufacturing iPhone 14 in India,” Apple mentioned in a assertion.
Earlier this month, funding agency J.P. Morgan urged may shift 1 / 4 of its iPhone manufacturing to India by 2025 and anticipated 5% of its iPhone manufacturing this 12 months to maneuver to the nation.
In August, it was reported that Apple (AAPL) would look to India for iPhone 14 manufacturing as a result of Prime Minister Narendra Modi’s push for native manufacturing and to slender the manufacturing hole between the 2 international locations.
The most recent mannequin iPhone, which was introduced earlier this month, shall be manufactured by Foxconn (OTCPK:FXCOF) and assembled in Chennai, India.
In April, Apple (AAPL) was reported to be producing some iPhone 13 models in China and the Related Press reported that the corporate had roughly 7M iPhone models produced in India in 2021.
Apple (AAPL) has been producing iPhone models in India since 2017, when it began with the iPhone SE.
TF Worldwide Securities analyst Ming-Chi Kuo just lately mentioned that Apple (AAPL) has requested Foxconn (OTCPK:FXCOF) to modify manufacturing traces of the iPhone 14 and iPhone 14 Professional fashions to be able to construct extra iPhone 14 Professional models.
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