NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Apple's iPhone Production in India Sees 53% Increase in 2025

Key Highlights

  • Apple's iPhone production in India has reached 55 million units in 2025, a 53% increase from 36 million units in the previous year.
  • India now accounts for approximately 25% of global iPhone production, with the company producing around 220-230 million iPhones worldwide.
  • China still dominates iPhone production, but Apple has shifted a significant share of devices meant for the US market to alternative manufacturing hubs, with India emerging as a key location.

Production Linked Incentives (PLI) Scheme

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

  • Apple has been increasing its iPhone production in India over the past few years, backed by the government's PLI scheme, which provides subsidies to offset structural cost disadvantages.
  • The PLI scheme is set to expire on March 31, and companies like Apple and Samsung are in talks with the Indian government for a new round of export incentives to remain cost-competitive.

Local Production and Supply Chain

  • Apple currently assembles all versions of its iPhone 17 lineup, including the iPhone 17 Pro and Pro Max, in India.
  • The company's local supplier network, including Foxconn, Tata Electronics, and Pegatron, continues to build older devices like the iPhone 15 and iPhone 16 for both domestic sales and global exports.
  • Apple is deepening its local supply chain to include component manufacturing for lithium-ion cells, device enclosures, and accessories like AirPods.

Growing Indian Market

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

  • India is rapidly becoming a vital consumer market, with sales exceeding $9 billion.
  • Apple has expanded its physical stores in the country and plans to launch its Apple Pay service later in the year.

Investor Takeaway

Investors should consider the potential benefits of Apple's expansion in India, including reduced tariffs and increased production capacity.

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