India’s ongoing efforts to boost local manufacturing of iPhone devices seem to have paid off to some extent, as the locally-manufactured iPhone shipments grew 162% year-on-year by value in 2022, according to Counterpoint.
On Tuesday, the market research firm said that Apple now captures 25% of the total value of the smartphone market in India compared to 12% in 2021. The shipments of locally-made iPhone units grew 65% year-on-year in volume terms, the firm said in its latest report.
Apple’s electronics manufacturing services partners Foxconn Hon Hai and Wistron were the fastest-growing manufacturers among the top 10 electronics manufacturing services (EMS) players in India in Q4 2022. Both manufacturers additionally led the EMS landscape in value terms. Their growth was also fuelled by increasing exports from Apple, ...
