Apple Set For Selling 'Made In India' iPhone 15 on Launch Day
Portfolio Pulse from Anusuya Lahiri
Apple Inc plans to sell its India-built iPhone 15 globally on the launch day, marking a significant shift in its supply chain strategy amid U.S.-China geopolitical tensions. The iPhone 15 is being produced at a Foxconn Technology Group factory in India. However, the premium iPhone 15 Pro and Pro Max are still China-dependent. Apple's Indian suppliers now contribute to 7% of the global iPhone production. This move aligns with the Indian Prime Minister's initiatives to boost local manufacturing and Apple's strategy to diversify its supply chain beyond China.
September 12, 2023 | 11:50 am
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POSITIVE IMPACT
Apple's decision to sell India-built iPhone 15 globally on launch day could potentially boost its sales and diversify its supply chain.
Apple's decision to sell India-built iPhone 15 globally on launch day is a significant move that could potentially boost its sales and diversify its supply chain. This move could also reduce the company's dependence on China for manufacturing, which could be beneficial given the ongoing U.S.-China geopolitical tensions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Foxconn, a supplier for Apple, is producing the iPhone 15 in its factory in India, which could potentially increase its revenues.
Foxconn, a supplier for Apple, is producing the iPhone 15 in its factory in India. This could potentially increase its revenues as it plays a crucial role in Apple's shift in supply chain strategy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80