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Foxconn Ships 97% Of iPhones From India To US: Report
- Foxconn has shipped most iPhones manufactured in India to the United States, with 97% exported from March to May this year.
- During this period, $3.2 billion worth of iPhones were exported from India, with 97% going to the US.
- In May alone, Foxconn exported iPhones worth almost $1 billion to the US.
- Foxconn's production units in India are set to double iPhone production to 25-30 million units this year.
- The company acquired a 300-acre plot near Bengaluru airport with plans to assemble 20 million smartphones annually, becoming its largest unit in India.
- Foxconn is also planning to establish a manufacturing unit in Tamil Nadu and Uttar Pradesh for expansion.
- Apple surpassed INR 1 lakh crore mark in iPhone exports from India in 2024, indicating a 42% increase from the previous year.
- India witnessed a surge in electronics exports, with iPhones playing a significant role in this growth.
- Domestic production in India rose by nearly 46% year-on-year to reach $17.5 billion.
- Despite concerns, Apple CEO Tim Cook stated that India will remain a key manufacturing hub for the company.
- Apple plans to shift assembly units for iPhones sold in the US from China to India due to the trade tensions between Washington and Beijing.
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