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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/03\/28\/shipments-of-iphone-made-in-india-surged-162-in-value-terms\/<\/a><\/br> India\u2019s ongoing efforts to boost local manufacturing of iPhone devices seem to have paid off to some extent, as the locally manufactured iPhone shipments grew 162% year-on-year by value in 2022, according to Counterpoint.<\/p>\n On Tuesday, the market research firm said<\/a> that Apple now captures 25% of the total value of the smartphone market in India compared to 12% in 2021. The shipments of locally made iPhone units grew 65% year-on-year in volume terms, the firm said in its latest report.<\/p>\n Apple\u2019s electronics manufacturing services partners Foxconn Hon Hai and Wistron were the fastest-growing manufacturers among the top 10 electronics manufacturing services (EMS) players in India in Q4 2022. Both manufacturers additionally led the EMS landscape in value terms. Their growth was also fueled by increasing exports from Apple, Counterpoint said.<\/p>\n Foxconn recently decided to invest another $500 million<\/a> in its Indian business to expand its local operations. Foxconn chairman Young Liu also visited the country earlier this month and met with various political leaders and officials to establish a better connection with New Delhi. On the other hand, Wistron is reportedly looking to sell its only production plant<\/a> in the country to Tata Group to let the Indian salt-to-software conglomerate start manufacturing iPhone models.<\/p>\n \u201cIn terms of overall exports, a volume growth of 37% [year-over-year] was witnessed. Further, the contribution of exports in the total \u2018Made in India\u2019 smartphone shipments reached the highest ever in 2022 both in volume (20%) and value terms (30%),\u201d said Counterpoint senior research analyst Prachir Singh.<\/p>\n
\nShipments of iPhones made in India surged 162% in value terms<\/br>
\n2023-03-29 22:57:42<\/br><\/p>\n