Apple begins assembling new iPhone 14 at Foxconn facility in India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Apple has begun assembling its new iPhone 14 at the Foxconn facility in India, a first in years when a new iPhone is being assembled within weeks of its global launch in the country, the tech giant confirmed on Monday.
The locally-assembled iPhone 14 will go on sale in the country in the fourth quarter, as the company bolsters its local manufacturing.
Foxconn is assembling the new iPhone 14 at its Sriperumbudur facility near Chennai.
"The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We're excited to be manufacturing iPhone 14 in India," Apple said in a statement.
The tech giant first started manufacturing iPhones in India in 2017 with iPhone SE.
The tech giant manufactures some of its most advanced iPhones in the country, including iPhone 11, iPhone 12 and iPhone 13, at the Foxconn facility, while iPhone SE and iPhone 12 are being assembled at the Wistron factory in the country.
As India doubles down on local manufacturing of technology products, Apple is likely to move 5 per cent of its new iPhone 14 production to India by the end of this year, and 25 per cent by 2025, according to a JP Morgan analysis.
Analysts have earlier predicted that Apple has shortened the production period of its new iPhones in India this year, barely six weeks or so from the production cycle in China.
Next year, Apple iPhone 15 may see its production at the Foxconn and Wistron manufacturing facilities in India at the exact production time with China.
"India's iPhone supply chain has historically supplied only legacy models. Interestingly, Apple has requested that EMS vendors manufacture iPhone 14/14 Plus models in India in 4Q22, within two to three months of the start of production in Mainland China," according to the JP Morgan report.
"The much shorter interval implies the increasing importance of India production and likely higher iPhone allocations to India manufacturing in the future," the report noted.
"We believe Apple only produces iPhone 14/14 Plus models in India now due to the more complex camera module alignment of the iPhone Pro series (done by EMS vendors) and higher local market demand for the iPhone 14 series (tax savings)," it added.
Buoyed by the ease-of-doing business and friendly local manufacturing policies, Apple's 'Make in India' iPhones will potentially account for close to 85 per cent of its total iPhone production for the country this year.
