India-Made iPhone Shipments to Grow Globally: Analyst
★India-made iPhone shipments are projected to grow to 20 to 25 percent globally by 2024, according to leading analyst Ming-Chi Kuo of TF International Securities.
★Currently, made-in-India iPhones account for 12 to 14 percent of Apple’s global iPhone shipments.
★The South Asian market is expected to become increasingly important for Apple in the coming year.
★Foxconn currently owns between 75 to 80 percent of India’s iPhone production capacity, but this is expected to shift as Tata Group begins manufacturing iPhones at the Wistron production line it acquired in India.
★This move will strengthen Apple’s relationship with the Indian government and benefit future sales of iPhones and other products in India.
★Kuo also predicted that Apple will begin introductory manufacturing for the regular iPhone 17 in India in the second half of next year, marking Apple’s first foray into developing a new iPhone model outside of China.
★The standard iPhone is chosen for its lower-difficulty design development to reduce design risk.
★Kuo estimated that Foxconn’s production capacity in China will fall by 35 to 45 percent in Zhengzhou and 75 to 85 percent in Taiyuan by 2024.
★Luxshare’s increase in iPhone order allocation and improvements in production line automation are cited as reasons for the reduction in production scale.
Source: @DelhiBreakings.com
Note: This news article is based on information from a leading analyst and should be treated as speculation until confirmed by official sources.
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