April 16

Apple Made $14 Billion Worth of IPhones in India as It Shifts Away From China

By William Gavin

Apple assembled $14 billion worth of iPhone smartphones in India last fiscal year as the tech giant looks to weaken its reliance on China, according to a new report.

Bloomberg, citing anonymous sources familiar with the matter, reports that about 14% of the Cupertino, California-based company’s iPhones are now made in India. That comes out to about 1 in 7 of Apple’s most popular products made across the 2024 fiscal year, which ended in March.

Photo courtesy of iphonedigital.

Source: Quartz (link opens in a new window)

international trade, manufacturing