PEARSON PLC ORD 25P  PSON.L 
$1,240.50  $2.00  0.16%  
DIAGEO PLC ORD 28 101/108P  DGE.L 
$2,350.00  $17.50  0.74%  
RECKITT BENCKISER GROUP PLC ORD  RKT.L 
$4,821.00  $38.00  0.78%  
LLOYDS BANKING GROUP PLC ORD 10  LLOY.L 
$52.94  $0.12  0.23%  
MELROSE INDUSTRIES PLC ORD GBP0  MRO.L 
$592.00  $8.80  1.51%  
FRESNILLO PLC ORD USD0.50  FRES.L 
$666.00  $18.50  2.86%  
NATWEST GROUP PLC ORD 107.69P  NWG.L 
$407.70  $1.10  0.27%  
WEIR GROUP PLC ORD 12.5P  WEIR.L 
$2,252.00  $20.00  0.90%  
STANDARD CHARTERED PLC ORD USD0  STAN.L 
$965.80  $12.00  1.23%  
ENDEAVOUR MINING PLC ORD USD0.0  EDV.L 
$1,556.00  $31.00  2.03%  
OCADO GROUP PLC ORD 2P  OCDO.L 
$307.60  $5.90  1.88%  
ANGLO AMERICAN PLC ORD USD0.549  AAL.L 
$2,571.00  $8.50  0.33%  
ASHTEAD GROUP PLC ORD 10P  AHT.L 
$6,356.00  $80.00  1.27%  
SEGRO PLC ORD 10P  SGRO.L 
$769.40  $5.20  0.67%  
BAE SYSTEMS PLC ORD 2.5P  BA.L 
$1,259.50  $4.50  0.36%  
VODAFONE GROUP PLC ORD USD0.20   VOD.L 
$70.34  $0.56  0.79%  
HSBC HOLDINGS PLC ORD $0.50 (UK  HSBA.L 
$743.70  $5.80  0.79%  
GLENCORE PLC ORD USD0.01  GLEN.L 
$382.00  $4.95  1.31%  
ROLLS-ROYCE HOLDINGS PLC ORD SH  RR.L 
$591.40  $18.40  3.21%  
UNITE GROUP PLC ORD 25P  UTG.L 
$856.50  $5.50  0.64%  
ANTOFAGASTA PLC ORD 5P  ANTO.L 
$1,752.00  $37.00  2.16%  
CRODA INTERNATIONAL PLC ORD 10.  CRDA.L 
$3,407.00  $3.00  0.09%  
KINGFISHER PLC ORD 15 5/7P  KGF.L 
$255.00  $5.50  2.20%  
SPIRAX GROUP PLC ORD 26 12/13P  SPX.L 
$7,380.00  $40.00  0.54%  
TAYLOR WIMPEY PLC ORD 1P  TW.L 
$127.90  $1.25  0.97%  
WPP PLC ORD 10P  WPP.L 
$867.20  $0.2  0.02%  
RIO TINTO PLC ORD 10P  RIO.L 
$5,020.00  $50.00  1.01%  
HOWDEN JOINERY GROUP PLC ORD 10  HWDN.L 
$832.00  $6.50  0.78%  
MONDI PLC ORD EUR 0.22  MNDI.L 
$1,201.00  $3.00  0.25%  
HARGREAVES LANSDOWN PLC ORD 0.4  HL.L 
$1,092.50  $0.0000  0.00%  

Apple’s Made In India iPhone 15 Set to Shine on Launch Day

by Rahil M
0 comments

Apple initiated the iPhone 15 production at a Foxconn Technology Group facility in the southern Indian state of Tamil Nadu last month.

In a groundbreaking move, Apple Inc. is poised to launch its India-assembled iPhone 15 in India and select global markets on the device’s debut day, according to insider sources. Although the majority of iPhone 15 units will be manufactured in China, this marks a significant shift from Apple’s prior strategy of primarily selling newly launched Chinese-made iPhones around the world. The iPhone 15 is expected to be available for purchase shortly after its unveiling, on Tuesday.

Apple initiated the iPhone 15 production at a Foxconn Technology Group facility in the southern Indian state of Tamil Nadu last month. This development is yet another step in Apple’s efforts to bridge the gap between its Indian operations and its primary manufacturing centers in China.

While the iPhone 15 assembled in India may encounter minor delays due to unforeseen logistics challenges, this development underscores India’s growing production capabilities. Apple has not yet provided an official comment regarding this matter.

Previously, only a small percentage of Apple’s global output was assembled in India, with Indian production lagging behind China by six to nine months until last year, when this delay was significantly reduced to just weeks. By the end of March, Apple had increased the proportion of iPhones assembled in India to 7%.

This transformation is largely attributed to Prime Minister Narendra Modi’s incentives aimed at bolstering local manufacturing and Apple’s strategy to diversify beyond China amidst trade tensions between Washington and Beijing. India has thus become increasingly integral to Apple’s diversification efforts.

The iPhone 15, expected to be unveiled shortly, is anticipated to be the most substantial update to the device in three years. Notably, it will be the first Apple smartphone to adopt the widely accepted USB-C port for wired charging, in response to new European Union legislation mandating this transition by the end of 2024. Additionally, the device will feature camera system upgrades across the range and an enhanced 3-nanometer processor in the Pro models. These enhancements are critical for revitalizing Apple’s sales, which have faced declines due to soft consumer demand in key markets.

In addition to Foxconn, other Apple suppliers in India, including Pegatron Corp. and a Wistron Corp. facility soon to be acquired by the Tata Group, are likely to commence iPhone 15 assembly. Apple’s interest in India extends beyond production; it views the fast-growing market as both a retail opportunity and a significant production hub for its products in the long term. In the quarter ending in June, iPhone sales in India achieved double-digit growth, setting a new record.

As Apple appears to unveil the iPhone 15 and potentially redefine the narrative surrounding its manufacturing capabilities, India’s role in the company’s global operations continues to expand. This move signifies not only Apple’s commitment to diversifying its supply chain but also India’s emergence as a manufacturing powerhouse on the global stage.

The inclusion of India in the launch of the iPhone 15 underscores the country’s growing significance in Apple’s global strategy. While China will remain the primary manufacturing hub for the iPhone, India’s role in the production process is becoming increasingly prominent. Apple’s shift towards greater reliance on Indian manufacturing reflects a broader trend in the technology industry, where companies are looking to diversify their supply chains and reduce dependence on a single country, such as China. As the iPhone 15 makes its debut, India’s manufacturing capabilities will be on full display, marking a milestone in the country’s journey toward becoming a manufacturing powerhouse on the global stage.

You may also like

Leave a Comment

Subscribe to Our Newsletters

We are a UK-based business awards firm that specializes in recognizing and celebrating exceptional achievements across various sectors. Our team of experts is dedicated to delivering world-class services, including event management, judging, and award design. With a focus on quality and excellence, we aim to showcase the best of international businesses and inspire future success.

Contact us: [email protected]

© 2022 – The Business Pinnacle. All Right Reserved. Developed by Aapta

The Business Pinnacle