Apple to manufacture its latest iPhone 14 in India

Tags: Economy/Finance

The American technology giant Apple has announced on 26 September 2022 that  it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China.

Many analyst expect Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world's second-biggest smartphone market after China.

Apple does not manufacture its iconic iPhone models .It rather designs the phone and the manufacturing is mainly done by Taiwanese company Foxconn.

Foxconn, is currently manufacturing the devices at its Sriperumbudur factory on the outskirts of Chennai. 

Apple has been manufacturing iPhones in India since 2017 but these were usually older models. This time with the iPhone 14, Apple is producing its latest model in India for the first time.

Apple’s focus on manufacturing in India highlights the tech giant’s desire to diversify production away from China and boost customers in India, which is currently a small market for the company.

Apple Company 

Apple is an American multinational technology company that specializes in consumer electronics, software and online services headquartered in Cupertino, California, United States.

Apple was founded as Apple Computer Company on April 1, 1976, by Steve Jobs, Steve Wozniak and Ronald Wayne. 

It is known for its iconic smartphone iPhone and tablet IPad. 

CEO: Tim Cook 

Headquarters: Cupertino, California, United States