Apple Plans to Scale Up Production Over Five Times in India to $40 Billion

Apple Plans to Scale Up Production Over Five Times in India to $40 Billion

iPhone maker Apple has plans to scale up production in India by over five-fold to around $40 billion (about 3.32 lakh crore) in the next four-five years, according to government sources. The official, who did not wish to be named, said the company has crossed the $7-billion production mark in the last financial year. Apple manufactures iPhones in India and plans to start manufacturing Airpods next year. The officer said Apple has no immediate plans to make iPads or its laptops in India. The company has become the largest exporter of mobile phones from India. According to industry sources, sales of Apple’s iPhone 15 series registered a 100% growth compared to that of the iPhone 14 series on the launch day. Apple has launched four models in the iPhone 15 series. Two variants – iPhone 15 and iPhone 15 Plus – are also being made in India. The company has for the first time made available the ‘made-in-India’ iPhones on the same day it started selling the devices in other parts of the globe. According to market research firm Counterpoint Research, Apple led the ultra-premium segment, with phones priced above Rs 45,000 apiece, with 59 per cent market share in the first quarter of 2023 and India is among the top-five markets for the company now.

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TIS Staff

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