Apple holds nearly half of India's smartphone export value.

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According to the India Electronics and Mobile Association, smartphone export volume in India doubled, reaching over $11 billion from March last year to March this year. Apple accounts for nearly half of the total export value, estimated at $5 billion to $5.5 billion by analysts, with Samsung coming in second at around $4 billion.Foxconn commenced production of the iPhone 14 in India last year, marking the first time Apple's latest product is assembled in India. I believe this is a positive move by Apple to reduce reliance on manufacturing in China and diversify its supply chain network further. This is understandable because if a manufacturer relies solely on one country, there will be extremely high risks.

For those who are unaware, the number of component manufacturing partners for Apple products in Vietnam reached 25 by the end of last year, including renowned companies like Lux Share, Foxconn, Compal, GoerTek, alongside India and China. Vietnam is undoubtedly becoming a key player in Apple's supply chain.According to analysts at JP Morgan, Apple plans to increase iPhone production in India and aims to account for up to 25% of the total iPhone production by 2025. It seems reasonable as Apple expands its ambitions in the Indian market, evidenced by their preparations to open two Apple Stores in New Delhi and Mumbai.Source: TechCrunch

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Frequently Asked Questions

How has smartphone export volume changed in India recently?

According to the India Electronics and Mobile Association, smartphone export volume in India doubled over the past year, reaching over $11 billion from March last year to March this year, indicating significant growth in the sector.

What role does Apple play in India's smartphone export value?

Apple accounts for nearly half of India's smartphone export value, estimated between $5 billion and $5.5 billion. This highlights Apple's significant impact on the country's export market and manufacturing landscape.

What are Apple's future plans for iPhone production in India?

Apple plans to increase its iPhone production in India, aiming to account for up to 25% of total iPhone production by 2025, showcasing their commitment to expanding operations in the Indian market.

How is Vietnam becoming important in Apple's supply chain?

Vietnam is emerging as a key player in Apple's supply chain, with 25 component manufacturing partners, including major companies like Lux Share and Foxconn, indicating a strategic shift in Apple's manufacturing landscape.