Apple is set to manufacture its latest-generation iPhones, iPhone 14 series, in India. This is the first time that Apple will be manufacturing its latest-generation iPhones within weeks of their global launch. Moody’s Investors Service has termed this as the maturity of Apple’s manufacturing capabilities in the country.
“Apple has produced iPhones in India since 2017, but its decision to make the iPhone 14 there within weeks of the global launch demonstrates the maturity of its manufacturing capabilities in the country,” said the company in a research note. The commentary assumes significance given that the global tech giant is looking to tap into production prowess outside of China.
“Apple’s plan to manufacture iPhone 14 products in India is credit positive because it will diversify its manufacturing base that is highly concentrated in China,” said Raj Joshi, senior vice president, corporate finance group, Moody’s.
Moody’s said Apple had less than five per cent unit share of the smartphone market in India, the second-largest smartphone market by unit volumes, and iPhone sales in India nearly doubled in June 2022 quarter over prior year.
Apple on ‘made-in India’ iPhone 14
“We are excited to be manufacturing iPhone 14 in India…The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities,” Apple had said in a statement earlier this week.
Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones, including the latest-generation iPhone SE, iPhone 12, iPhone 13 and now, iPhone 14 in the country.
The Made-in-India iPhone 14 will begin to reach local customers in the next few days. Phones manufactured in India will be both for the Indian market and exports.
The iPhone 14 will be shipped from Foxconn’s Sriperumbudur facility on the outskirts of Chennai. Foxconn is the world’s largest contract electronics manufacturer and major iPhone assembler.
Apple, which has been making most of its iPhones in China, could make one out of four iPhones in India by 2025, JP Morgan analysts had said in a note last week.
iPhone devices in the past were assembled in India about six to nine months after production started in Chinese factories. This time the duration has been cut short to just a couple of weeks.
“Apple has produced iPhones in India since 2017, but its decision to make the iPhone 14 there within weeks of the global launch demonstrates the maturity of its manufacturing capabilities in the country,” said the company in a research note. The commentary assumes significance given that the global tech giant is looking to tap into production prowess outside of China.
“Apple’s plan to manufacture iPhone 14 products in India is credit positive because it will diversify its manufacturing base that is highly concentrated in China,” said Raj Joshi, senior vice president, corporate finance group, Moody’s.
Moody’s said Apple had less than five per cent unit share of the smartphone market in India, the second-largest smartphone market by unit volumes, and iPhone sales in India nearly doubled in June 2022 quarter over prior year.
Apple on ‘made-in India’ iPhone 14
“We are excited to be manufacturing iPhone 14 in India…The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities,” Apple had said in a statement earlier this week.
Apple started manufacturing iPhones in India in 2017 with iPhone SE. Today, Apple manufactures some of its most advanced iPhones, including the latest-generation iPhone SE, iPhone 12, iPhone 13 and now, iPhone 14 in the country.
The Made-in-India iPhone 14 will begin to reach local customers in the next few days. Phones manufactured in India will be both for the Indian market and exports.
The iPhone 14 will be shipped from Foxconn’s Sriperumbudur facility on the outskirts of Chennai. Foxconn is the world’s largest contract electronics manufacturer and major iPhone assembler.
Apple, which has been making most of its iPhones in China, could make one out of four iPhones in India by 2025, JP Morgan analysts had said in a note last week.
iPhone devices in the past were assembled in India about six to nine months after production started in Chinese factories. This time the duration has been cut short to just a couple of weeks.
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