Apple iPhone Production in India by 2025:
Apple Inc may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday.
As the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country.
The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India.
That is the world's second-biggest smartphone market after China.
It is also estimating about 25% of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5% currently.
The pandemic hampered supply chain relocation plans for businesses, but with restrictions easing, more companies.
Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India.
A Bloomberg report said earlier this month that Indian conglomerate Tata Group was in talks with Wistron to establish a joint venture
To assemble iPhones in the country amid Apple's plans to cut production lag with China.