Apple’s India iPhone sales reach $14 billion as it shifts away from China.

Apple Inc has reported assembling $14 billion worth of iPhones in India in fiscal 2024, according to a Bloomberg News report. This move signifies a strategic shift as Apple seeks to diversify its supply chain beyond its traditional reliance on China. The report indicates that Apple now produces as much as 14% of its marquee devices in India, with Foxconn responsible for nearly 67% and Pegatron Corp for around 17%. The remaining iPhone production comes from Wistron Corp’s plant in Karnataka, which is now under the control of the Tata Group.

Despite these developments, China still serves as the primary manufacturing hub for Apple’s iPhones. However, the company’s push to expand production in India is seen as a response to geopolitical tensions between China and the United States. Reuters recently reported that Pegatron is in advanced discussions to transfer control of its sole iPhone manufacturing facility near Chennai to the Tata Group. Furthermore, the Tata Group is constructing a new plant in Hosur, Tamil Nadu, with Pegatron expected to become its joint venture partner.

Apple has refrained from providing formal comments on the Bloomberg report, but these recent developments highlight the company’s efforts to establish a more diversified and resilient supply chain, particularly in the face of ongoing geopolitical uncertainties.