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India-made iPhones to top 20% of global shipments by 2024, Kuo says

The India-made iPhone is projected to account for 12-14% of Apple’s global iPhone shipments in 2023, according to a leading analyst, who further anticipates that the importance of the South Asian market to Apple will notably rise in the coming year. Ming-Chi Kuo of TF International Securities said Wednesday that Apple, contingent on favorable conditions,…

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Tata to start making iPhones in India

The salt-to-steel conglomerate Tata Group will start making iPhones in India for the local and global markets, India’s Deputy IT Minister Rajeev Chandrasekhar, said on Friday after the Taiwanese firm Wistron entered a deal with the Indian conglomerate. Tata Group has acquired the operations of the Apple supplier in India for $125 million, the Taiwanese…