#TrendingNow: Apple’s ‘Made-in-India’ iPhone 14 to Hit the Market Soon
26 September 2022
A couple of weeks ago, tech giant Apple unveiled its new line of iPhone series – iPhone 14, iPhone 14 Pro, iPhone 14 Pro Max and the all-new iPhone 14 Plus. Now, it seems that Apple will manufacture its latest product – the iPhone14 – in India, news agency PTI reported.
The report further stated that the Made in India iPhone14 will start reaching local customers in the next few days. The latest iPhone from Apple’s vault will be sold in both domestic and international markets.
Is this the First Made-in-India Apple iPhone?
For the unversed, Apple started manufacturing iPhones in India in 2017 with iPhone SE. Since then, the tech giant has been responsible for manufacturing iPhone 11, iPhone 12 and iPhone 13 in India. While iPhone SE and iPhone 12 were assembled at Wistron factory, Bangalore, iPhone 11, iPhone 12 and iPhone 13 were assembled at Foxconn facility in Chennai.
“We’re excited to be manufacturing iPhone 14 in India. The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities”, Apple officials said in a statement to PTI.
The iPhone 14 will be shipped from Foxconn’s Sriperumbudur facility that’s located on the outskirts of Chennai. Foxconn is a US-based company that’s regarded as one of the world’s largest electronics manufacturers and iPhone assemblers.
What are Apple’s Current Plans in India?
The Made-in-India Apple iPhone 14 initiative adds up to the many expansions the tech giant has in the pipeline. Apple has already started its Development Accelerator and APP Design programmes in Bangalore.
A recent report by JP Morgan on ‘Apple Supply Chain relocation’ revealed that the tech giant is likely to scale iPhone production from 5% in India in 2022 to 25% by 2025 Apple The US company has hit a sweet spot in the Indian market, almost doubling its revenue in the quarter ended June 2022.
With the iPhone 14 series getting assembled in India, Apple’s iPhone production in India could scale up from 7 million iPhones in 2021 to 12 million iPhones in 2022.
Do you think Apple’s Made-in-India initiative is going to help India’s economy? Leave us a comment! And for more such interesting stories, keep following our #TrendingNow series.
Before you go…
Looking for instant 🚀 personal loans 24*7 anywhere, anytime? Get personal loans up to ₹20 lakh starting at 9.9% p.a. Install the Navi app now!!
Or, maybe you’re looking to buy that house you’ve been eyeing 🏠 and you need a loan of up to ₹5 crore. Install the Navi app now and get instant in-principle approval right away! Interest rates starting at 8.39% p.a.
How about an affordable health insurance policy👨⚕️ starting at a monthly premium of just ₹235? Install the Navi app now and get your policy in under 2 minutes.
Instead, want to put your savings into action and kick-start your investment journey 💸 But don’t have time to do research. Invest now with Navi Nifty 50 Index Fund, sit back, and earn from the top 50 companies.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
7 Vijay Kedia Investment Tips You Cannot Ignore!
Cristiano Ronaldo 7 ‘Dark’ Jokes, Football’s Bad Boy
100K+ Laid Off! 7 Ways to Be Financially Prepared for Layoffs
Looking Through SKY: Suryakumar Yadav’s Success Secrets🤫
10 Best Party Places in Bangalore: Rooftop, Brewery, Poolside
10 Best Christmas Gift Ideas Even Santa Wouldn’t Ignore
7 Tax Planning Tips You Cannot Ignore!
Save More! Check Out 10 Best Fuel Credit Cards in India
Inside Allu Arjun’s 100 Cr ‘Rectangle’ House
How to Earn Money on YouTube – Check 7 Sure Shot Ways!
We are a diverse group of writers, editors and Subject Matter Experts striving to bring the most accurate, authentic and trustworthy finance and finance-related information to our readers. Our mission is to simplify jargon and industry lingo. We believe sharing knowledge through relatable content is a powerful medium to empower, guide and shape the mindset of a billion people of this country.
#TrendingNow: India Becomes Russia’s 2nd Biggest Oil Buyer; Middle East Imports Lowest in 19 Months
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports ...Read More »
#TrendingNow: Investors Punish Zuckerberg over Costly Metaverse; Stock Down 20%
Investors rushed to dump Meta Platforms Inc's stock in after-hours trading, pushing it down 20% and...Read More »
#TrendingNow: Dove, TRESemme Dry Shampoos Recalled Over Cancer Risk
Unilever PLC has recalled aerosol dry shampoos, including brands such as Dove, Nexxus, TRESemme, Su...Read More »
#TrendingNow: India Sees Strong Gold, Jewellery Sales on Dhanteras
Dhanteras saw strong sales of gold, jewellery, and coins this year, The Economic Times quoted data ...Read More »
What is UPI Lite and How to Set it Up on the BHIM App?
Reserve Bank of India Governor Shaktikanta Das launched three key initiatives at the Global Fintech...Read More »
#TrendingNow: India Lost a Whopping $159 Billion Due to Extreme Heat in 2021, Says Report
India suffered an income loss of a whopping $159 billion or 5.4% of its gross domestic product (GDP...Read More »
#TrendingNow: Arunachal’s Hollongi Airport Almost Ready, IndiGo’s Direct Delhi Flight a Possibility
Arunachal Pradesh’s Hollongi Airport is almost ready for commercial flights with leading airline ...Read More »
#TrendingNow: SafeGold Launches Digital Gold Leasing Service; Check Details
Digital gold platform SafeGold has launched “Gains”, a service for customers to lease their dig...Read More »
#TrendingNow: Axis, HDFC Bank Hike FD Rates by Up to 75 bps; Check All Current Rates
Leading private banks Axis Bank and HDFC Bank have increased their FD (fixed deposit) interest rate...Read More »
#TrendingNow: Govt Okays ₹22,000 Crore Grant to Oil PSUs to Cover LPG Losses
The government will extend a one-time grant of Rs.22,000 to three state-run fuel retailers to cover...Read More »
#TrendingNow: Tata Tiago EV Gets 10,000+ Bookings Within a Day
Car manufacturer Tata Motors has claimed it has received over 10,000 bookings for the Tata Tiago EV...Read More »
#TrendingNow: Ola Electric to Launch a Below ₹80,000 E-Scooter This Diwali
Bengaluru-based electric vehicle manufacturer Ola Electric is planning to launch a cost-effective e...Read More »
Diwali 2022: Diwali Holidays – The Festival of Lights
The ‘Festival of Lights’ is one of the biggest and most anticipated festivals in India. This is...Read More »
Best Index Funds – Top 20 Index Funds in India
Index funds replicate the performance of a stock market index, such as the Sensex or Nifty 50 to ge...Read More »