iPhone 14 will be cheaper
China may get a big setback due to Apple’s manufacturing of iPhone 14 in India. Due to the restrictions of Kovid-19 and rising labor costs, Apple is looking to shift its manufacturing from China to India. Also, the benefit of Apple’s PLI scheme can be given by the Government of India. In such a situation, the cost of making iPhone in India will come down as compared to China. Let us know that India is a big market for iPhone. In such a situation, Apple can sell the iPhone in India at a cheaper price by getting exemption in local manufacturing and import duty. Also, employment is expected to be created on a large scale in India. In this way India can get double benefit.
These models of iPhone are already being manufactured in India
This year Apple can supply 5,70,000 units of iPhone in India. Which was 370,00 units till last year. Apple has around 4 percent market share in India. However, Apple’s share in the premium smartphone market is 47 percent. Apple has been manufacturing iPhone in India since 2017. Apple is manufacturing iPhone SE, iPhone 11, iPhone 12 and iPhone 13 in India.