Apple Sees Its Make In India iPhone Assembly Value Cross $14 Billion: Report

Apple has assembled $14 billion (roughly Rs. 1,16,442 crore) worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday.

Apple now makes as much as 14 percent or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter.

Foxconn assembled nearly 67 percent while Pegatron made about 17 percent of the India-made iPhones, the Bloomberg report added. Wistron Corp's plant in the southern Indian state of Karnataka, which the Tata Group took over last year, made the remaining.