(AOF) – Apple Inc. has started manufacturing its new iPhone 14 in India. “We are excited to manufacture iPhone 14 in India,” Apple said in a statement emailed to US media. The firm at the apple did not release more details. Apple will likely transfer around 5% of iPhone 14 production to India from late 2022 and rise to 25% by 2025, JPMorgan claimed last week.
India appears to be a prime location due to its vast labor resources and competitive labor costs.
The American technology group wants to diversify the supply chain outside of China due to rising geopolitical risks, but also supply problems caused by Beijing’s “zero Covid” policy.
JPMorgan estimates that around 25% of Apple’s products will be made outside of China by 2025, up from less than 5% today.
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