A naukri.com initiative
Analyticsindiamag
3d
76
Image Credit: Analyticsindiamag
97% of iPhones Assembled in India Exported to the US: Reports
- Foxconn, one of Apple’s major contract manufacturers, has exported 97% of iPhones assembled in India to the US, a significant increase from 50% in 2024.
- Between March and May, Foxconn shipped iPhones worth $3.2 billion from India to the US, accounting for 97% of the assembled devices.
- This marks a shift in India's export destination from other countries to focusing almost exclusively on the US market.
- The decision to export iPhones from India was influenced by US President Donald Trump's import tariff threat on China.
- Trump had warned Apple that devices must be made domestically in the US; otherwise, a 25% tariff would be imposed.
- Apple assured no disruptions in its operations in India and indicated that most iPhones sold in the US would have India as their country of origin.
- Apple, in collaboration with Foxconn and Tata, assembled iPhones worth $22 billion in India in the 12 months ending March, a 60% increase from the previous year.
- Apple now produces one in five iPhones in India, aiming to offset potential tariffs by manufacturing in India.
- To preempt tariffs, Apple chartered cargo flights to transport iPhones from India to the US.
- Indian airport authorities expedited customs clearance, reducing processing time from 30 hours to six hours for the iPhones.
- Analysts suggest that manufacturing iPhones in the US could lead to a 30% price increase, while assembling in India might only result in a 2% rise in retail price.
Read Full Article
4 Likes
For uninterrupted reading, download the app