India’s biggest attraction for investors is reducing import taxes and production costs!

For those who are used to the iPhone, which reminds them that it was produced in China, it will not be surprising to come across one of the millions of new devices. “Made in India” What Apple went on sale in the first quarter of 2022.

The number is an important % increase in device shipments, represents a constantly rising curve compared to the same period last year. CyberMedia Research -CMR-, the largest group specializing in media services in South Asia, Shipment of Indian iPhones up 22% between January and March 2022Thanks to the pressure of the iPhone 12 and iPhone 13 lines.

Indian market does not stop

Prabhu Ram, Head of CMR Industry Intelligence Group, predicted that the latest iPhone models will continue to “feed the story of Apple’s growth in India”, adding:

“Our insights indicate that the contribution of ‘Made in India’ iPhones in the first quarter of 2022 increased by 50% compared to the previous year. The contribution of next-generation iPhones such as the iPhone 13 is almost equal to that of the iPhone 12.”

As Apple increasingly diversifies its manufacturing base, the executive said, next-generation iPhone models will fuel Apple’s growth story in India.

attractiveness of a brand

According to Ram, it is a fact that Consolidation of the Apple brand acts as a powerful magnet attracting premium buyersContrary to the old trend of the previous generation, which won the markets with its aggressive bids.

In 2019, technology group Foxconn confirmed that the next iPhone will be manufactured in India as a key step towards Apple’s expansion in that country. Apple was clear in directing darts to one of the fastest growing markets for smartphones. Foxconn had already manufactured legacy models of the iPhone at its Bangalore factory and was responsible for the production of the iPhone 6S, 7 and SE through its partner Wistron.

People from Cupertino were calling Opportunity to cut import duties with production of next iPhone in India and lower production costs, among other advantages.

Before the full-scale assembly process begins at the Chennai factory, analysts thought the Chinese market was saturated and facing low production costs in IndiaApple has long sold some of its “old” iPhones, such as the iPhone 6s and iPhone 7, in India, but also exports them to some European regions.

For 2008 Approximately 100,000 units were exported per month, accounting for 60-70% of the total production capacity of the factories. This is the first time Apple has used its facilities in India to export devices..

Today, according to undisputed sales results, weather forecasts confirmed, September and The long-awaited iPhone 14 launch event has appearedAn event that marks a vital point in the middle of its cycle for the iPhone 13, and another undeniable reason to keep growing.

Source: i Padizate

Previous articleDiesel, petrol or electricity. What type of car is better to buy today?
Next articleMicrosoft breaks new hurdle to buy Activision Blizzard, but the big deal is still missing


Please enter your comment!
Please enter your name here