Apple CEO Tim Cook attended the initial meeting of the American Workforce Policy Advisory Board with then-President Donald Trump in the State Dining Room of the White House in Washington, D.C., on March 6, 2019. According to a report from Bloomberg, Apple produced $14 billion worth of iPhones in India over the last fiscal year, showcasing the company’s efforts to increase manufacturing outside of China.
As tensions between the U.S. and China have escalated, Apple has been diversifying its supply chain by expanding production in countries like Vietnam and India. This marks a significant shift for the tech giant, which has traditionally relied on China for manufacturing. Currently, Apple manufactures about 14% of its iPhones in India, twice the amount from the previous year. Pegatron assembles approximately 17% of these iPhones, while Foxconn produces around 67%, and Wistron builds the rest.
In June 2023, Apple CEO Tim Cook and other tech executives met with India’s prime minister, Narendra Modi, at the White House. Cook expressed to CNBC that India represents a “huge opportunity” for Apple. The tech company opened its first retail stores in India last year.
While China remains a critical market for Apple, sales have faced challenges this year. A Counterpoint Research report in March indicated a 24% drop in iPhone sales in China during the first six weeks of 2024. Apple faces strong competition from other smartphone vendors like Huawei.
Apple chose not to provide a comment on these developments.
Apple CEO Tim Cook attended a meeting with President Donald Trump in March 2019, where they discussed the American Workforce Policy Advisory Board. Apple has been working to diversify its supply chain by expanding production in countries like India, where they produced $14 billion worth of iPhones in the last fiscal year. This is a significant increase from previous years and shows the company’s commitment to manufacturing outside of China. Apple now makes around 14% of its iPhones in India, with Pegatron, Foxconn, and Wistron as key manufacturers. Cook has highlighted India as a huge opportunity for Apple, with the company opening its first retail stores there last year. Despite this shift, China remains an important market for Apple, though iPhone sales have been declining in the country. The company faces tough competition from other smartphone vendors like Huawei. Apple has not commented on these developments.
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