Apple Shipped 65% More iPhones Made in India in 2022

Apple increased the volume of its iPhone shipments made in India by 65% in 2022, representing an increase of 162% in value, the Times of India reported, citing data from Counterpoint Research.

The data follows the iPhone-maker’s efforts to diversify production out of China, along with increasing investments in India from its suppliers, including Foxconn, Wistron and Pegatron.

Read the full report: Times of India

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]