American tech company Apple has launched a new series of iPhone. Apple launched the iPhone 16 series in the event held on Monday night. It has been launched in four models – iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max.
iPhone 16 is the cheapest model, starting at Rs 79,900. At the same time, the starting price of the most expensive iPhone 16 Pro Max model is Rs 1,44,900. The price of iPhone 16 Plus is Rs 89,900 and the price of iPhone 16 Pro is Rs 1,19,900.
Pre-orders for all these models will start in India from September 13, while they will go on sale from September 20.
Whenever Apple launches new models of iPhone, it is jokingly said that one will have to sell a kidney to buy it. This time, to buy the most expensive model of iPhone, one will have to spend Rs 1,84,900. The 1TB memory model of iPhone 16 Pro Max will come at this price.
The market share of Apple iPhones in the Indian smartphone market is around 4%. Whereas, Apple’s market share worldwide is 16%. iPhones may or may not be sold in India, but they must be sold worldwide, because India will benefit from this.
What benefit does India get if people from the world buy iPhones?
Apple has started production of iPhones in India since 2017. Apple has three major suppliers – Foxconn, Pegatron and Wistron. Foxconn is the largest among them. Foxconn is a Taiwanese company that manufactures iPhones.
Taiwanese company Foxconn makes most of the iPhones in India. This company makes 67% of the iPhones made in India. The remaining two companies make the rest of the iPhones.
Foxconn and Pegatron’s manufacturing plants are in Chennai, Tamil Nadu. Whereas, Wistron’s plant is in Bengaluru, Karnataka. Last year, Indian company TATA bought Wistron for $125 million. Now TATA is in talks with Pegatron. It is being told that both of them are going to start a new plant in Chennai, where iPhones will be manufactured.
Manufacturing Apple’s iPhones in India will not only help in competing with China, but will also boost the manufacturing sector. If India has to compete with China, then the manufacturing sector will have to be expanded and the manufacturing of iPhones is giving a lot of benefits.
What other benefits does India have?
In 2023, five models of iPhones – 11, 12, 13, 14 and 15 were manufactured in India. Till now the Pro models of iPhone were not made in India. But it is being told that the Pro models of the iPhone 16 series will also be made in India.
Not only this, the Economic Times report states that the Pro models of the iPhone 16 series will also be ready for export soon. When the iPhone 13 was manufactured in India in 2021, it took several months to reach the world. In 2022, the iPhone 14 started being exported within two weeks of its manufacturing. The iPhone 15 started being exported in even less time. Whereas, the sale of ‘Made in India’ iPhone 15 started in India from day one.
Now all the models of the iPhone 16 series will also be made in India and their export will also start soon. This means that ‘Made in India’ iPhones will reach the whole world in a short time.
According to the report, six lakh jobs are expected to be created in India with the start of manufacturing of iPhone 16 Pro models. Out of these, 2 lakh will be direct jobs. Whereas, every direct job will create three indirect jobs.
According to the Times of India, Apple’s three suppliers – Foxconn, Pegatron and Wistron – employ more than 80 thousand people. Apart from these, Apple’s other suppliers also employ more than 84 thousand people.
How many iPhones are made in India?
In the last few years, the manufacturing of mobile phones in India has grown a lot. According to the report of India Cellular and Electronics Association (ICEA), mobile phone manufacturing in India has increased 21 times in 10 years.
The report shows that in 2014-15, mobile phones worth Rs 18,900 crore were made in India. Whereas, in 2023-24, mobile phones worth Rs 4.10 lakh crore were made. Not only this, the export of mobile phones made in India has also increased significantly. In 2014-15, only Rs 1,556 crore was exported. Whereas, in 2023-24, mobile phones worth more than Rs 1.20 lakh crore were exported.
Apple has the biggest role in increasing India’s mobile phone exports. 99% of the iPhones sold in India are Made in India. Only the Pro models are imported.
Currently, 14% of iPhones sold in the world are made in India. That is, 1 out of every 7 iPhones in the world is ‘Made in India’. A target has been set to increase this 14% to 25% by 2025-26. Currently, most iPhones are made in China. But now Apple is increasing manufacturing in India with the aim of reducing its dependence on China.
A report suggests that iPhones worth Rs 1.20 lakh crore were manufactured in India in 2023-24. Out of these, iPhones worth about Rs 85 thousand crore were exported.
Apple benefits too!
iPhones are in the highest demand all over the world. However, it is not possible for everyone to buy them because they are very expensive. Still, Apple has the highest market share in the world’s smartphone market.
Manufacturing iPhones in India is not only beneficial for us but also for Apple. Manufacturing iPhones in India has increased Apple’s market share in India.
According to a Forbes report, Apple’s market share in India was 4.6% till 2022, which increased to 6.4% by the end of 2023. The company wants to increase it to 8% by this year. In 2022, Apple imported 60 lakh iPhones and in 2023, more than 1 crore iPhones.
iPhone production in India has doubled in a year. According to a Bloomberg report, iPhones worth $7 billion were made in India in 2022, while iPhones worth $14 billion were produced in 2023. Apple would have benefited tremendously from this, as iPhones account for half of its revenue.
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