Apple confirmed the news that the iPhone 14 will be made in India . The company currently has three of the top three global smartphone manufacturing partners in India .
NEW DELHI: Apples flagship iPhone 14 smartphones will be manufactured in India at the contract-manufacturer Foxconns factory in Sriperumbudur, Tamil Nadu, according to the company.Apple has perhaps begun the most rapid expansion in its India production setup, with the new iPhone being built here within weeks of its global unveiling on September 7.The company confirmed the discovery when contacted.The latest iPhone 14 lineup includes ground-breaking features as well as advanced security features.According to reports, the India-made devices would not only be sold in the region, but also exported to global markets.However, higher prices for the devices will not be achievable if manufacturing in India.Apple currently has three of the top three global smartphone manufacturing partners in India.These are Wistron, Foxconn, and Pegatron. Apple also makes the iPhone SE, iPhone 12 and iPhone 13 in India.As part of the government's production-linked incentive (PLI) program, all three players enjoy competitive benefits.The company is apparently looking beyond China for solid manufacturing production at a time when it is being pushed to new heights.Apple imports up to 95 percent of its product from China, according to estimates. Apple has been using the Make in India scheme for its other products, but so far only for iPhones.Apple is reported to have received more than $3 million in revenues.In the financial year ending September 2021, 5 billion dollars were invested in India, though only a small portion of this money was generated by goods that had been imported largely from China and not made in the region.The government has encouraged the company to consider expanding its India-made exports, given that the market for such products is low. Apple's global revenue was $365 billion in the fiscal year ended September 2021, of which $191 billion came from iPhones, while $67 billion came from Macbooks and iPads.Another $38 billion was invested in wearables such as Air Pods and watches.