Apple wants to stop depending on China for the production of its devices and is thinking of India & Vietnam like their new destinations.
JP Morgan analysts believe that these Asian countries will receive between 20 and 25% of the production of the company’s devices by 2025.
Apple starts to move
According to the report to its clients, JP Morgan states that Apple will move 5% of the world’s production of iPhone 14 to India by the end of 2022 and will expand its manufacturing capacity in the country to produce 25% of all iPhone by 2025.
Vietnam on the other hand, will contribute 20% of all iPad and Apple Watch production, 5% of MacBook, and 65% of AirPods by 2025.
Though Apple has a small market share in India the manufacturer of iPhone it has expanded its investment in the country in the last five years, launching its online store in 2020 and is about to launch its first physical store in the country.
India in the sights of technology
Not only Apple has considered that India it is an attractive country to manufacture their equipment.
Samsung keeps India as a key global manufacturing hub and has established one of its largest factories in the country.
Chinese smartphone maker Xiaomi, which currently leads the market, as well as rivals Oppo, Vivo and OnePlus, also locally assemble a number of their phones in the country.
Google also plans to move some of the Pixel smartphone production to the India reported Information Recently.