Apple Inc. may manufacture one out of every four iPhones in India by 2025, according to J.P. Morgan analysts,.
According to Reuters, Apple is considering shifting more iPhone production to India as geopolitical tensions rise and China imposes strict COVID-19 lockdowns. "Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India," according to J.P. Morgan analysts led by Gokul Hariharan. We also expect Apple to qualify local India manufacturing suppliers in the medium to long term." According to J.P. Morgan, the Cupertino, California-based company will shift around 5% of iPhone 14 production to India by late 2022. It is worth noting that India is the world's second-largest smartphone market.