iPhone production in India expected to account for 25% of global shipments by 2025, says report
New Delhi/IBNS: Driven by the 'Make in India' initiative and the production-linked incentive (PLI) scheme, Apple's flagship iPhone production in India has increased from under 1 percent in 2017 to 10 percent in 2023, and the American tech giant's goal is to scale up this figure to 25 percent of global shipments by 2025, according to a latest report by global investment firm Jefferies.
Following the global launch on Monday (Sept. 9), Apple is preparing to introduce the new iPhone 16 Pro and Pro Max models in India, while the company plans to offer the 'Make in India' versions of the iPhone 16 Pro and 16 Pro Max immediately after their global debut.
Apple is targeting an annual production of over 50 million iPhones in India as part of its plan to diversify its manufacturing away from China.
Jefferies observes that while electronics exports from India are growing rapidly, there is still significant potential for further value addition.
The Indian government is providing production-linked incentives (PLI) across 14 sectors with a total allocation of Rs 2 lakh crore, and an additional Rs 70,000 crore to enhance the semiconductor and display manufacturing ecosystem.
Industry experts predict that Apple's growth in India will continue to accelerate with the launch of the new iPhone 16 series.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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