Apple is set to begin production of the iPhone 12 in India.

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Apple is set to begin production of the iPhone 12 in India.
Apple is set to begin production of the iPhone 12 in India.

Apple’s decision to move production of some of its goods to India benefits both Apple and the Indian government, which has been trying to boost exports from the region.

Apple said on Wednesday that it is going to start production of iPhone 12 smartphones in India. “We are proud to be starting production of iPhone 12 in India for our local customers,” the company said.

Apple began manufacturing iPhones in India in 2017, and the company has been moving some of its production from China to India. The iPhone SE (2020), iPhone XR, and iPhone 11 are currently manufactured in India by Apple’s contract manufacturing partners, Foxconn and Wistron.

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For the time being, the company will only manufacture iPhone 12 models in the India, while the Pro models will be imported from China.

According to experts, transferring some of Apple’s manufacturing to India benefits not only Apple, but also the Indian economy, which has been trying to improve exports. Although Apple has done well in India over the last year, the country still only accounts for a small portion of Apple’s manufacturing base, which means it could have a huge impact on electronics exports.

Over the course of 2020, the Cupertino, California-based firm nearly doubled its market share in India. “There are certain markets where our share is quite low. India is one of them. . In contrast to the previous quarter, it has improved. Our company’s sales grew by around a factor of two. In January, Apple CEO Tim Cook said in an earnings call, “We feel pretty good about the trajectory”

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For the December quarter of FY2020, analysts expect Apple’s market share in India to be about 4% of the overall market. In December of FY2019, the company’s market share was about 2%.

In January, Prachir Singh, a senior analyst at Counterpoint Research, told Mint that older iPhones accounted for over half of Apple’s sales in India in the December quarter.

Minister of Electronics and Information Technology and Communication Ravi Shankar Prasad tweeted about Apple’s iPhone 12 development in India, expressing his delight at the country’s efforts to become a big hub in smartphone and component manufacturing. It draws international attention to India. He also says that it would increase the number of work openings dramatically.

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