Report: 50% of all iPhones could be made in India by 2027
Back in September, a JP Morgan report claimed that Apple could move up to 25% of its iPhone production to India by 2025 and now a new South China Morning Post the article suggests that the stock could rise to 50% by 2027. Apple has reportedly reduced orders for iPhone components from its Chinese suppliers, which in turn has negatively affected its earnings estimates and stock prices.
India currently accounts for just 5% of all iPhone production, although there has been a push to assemble newer models including the iPhone 14 just a few weeks after production in China began. Rumors suggest that Apple will begin simultaneous production in China and India for the iPhone 15 series.
The pressure from Apple to diversify its iPhone production away from China has also carried over to the rest of its portfolio, with an increasing amount of AirPods and MacBooks being made in Vietnam instead of China.