Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Apple starts iPhone 12 assembly in India

Published 03/11/2021, 05:09 AM
Updated 03/11/2021, 05:10 AM
© Reuters. FILE PHOTO: An Apple salesperson speaks to customers at an electronics store in Mumbai

© Reuters. FILE PHOTO: An Apple salesperson speaks to customers at an electronics store in Mumbai

By Sankalp Phartiyal

NEW DELHI (Reuters) - Apple Inc (NASDAQ:AAPL) has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company ramps up manufacturing operations in the world's second-biggest smartphone market.

"We are proud to be starting production of iPhone 12 in India for our local customers," Apple said in a statement on Thursday, without naming the supplier making the smartphone.

The Indian unit of Apple's Taiwanese contract manufacturer Foxconn will assemble the device in its plant in southern Tamil Nadu state, two sources familiar with the matter said.

Foxconn did not immediately respond to a request for comment, but has previously said it does not comment on client-specific work.

Apple has been shifting some areas of production from China to other markets as it navigates the trade war between Washington and Beijing. A person familiar with the matter said in November Foxconn is moving some iPad and MacBook assembly to Vietnam from China at its request.

Cupertino, California-headquartered Apple has bet big on India since it begin iPhone assembly in the country in 2017 via another Taiwanese supplier, Wistron.

Foxconn, Wistron and a third supplier Pegatron have together committed roughly $900 million over five years to make iPhones in India, leveraging New Delhi's $6.7 billion plan to boost smartphone exports.

Apple is also planning to bring the assembly of its iPad tablet to India, Reuters reported last month.

"Nice to see our efforts to make India a big hub of mobile and components manufacturing is attracting global attention," India's technology minister Ravi Shankar Prasad tweeted following news of iPhone 12 production in India.

© Reuters. FILE PHOTO: An Apple salesperson speaks to customers at an electronics store in Mumbai

"This will create jobs in large numbers."

Latest comments

For local customer …… due to India high duty on import. Luckily, it might not bad investment based on experience in India.
Smart moves by APPLE !!
Good news!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.