Analyst: By 2024, sales of iPhones built in India might increase by 20% worldwide

According to a prominent expert, the percentage of iPhones shipped from India would reach 20 to 25 percent worldwide by 2024, depending on market circumstances.

Ming-Chi Kuo of TF International Securities projects that this year’s worldwide iPhone shipments from Apple are expected to consist of 12–14% made-in-India iPhones.

He also forecast that in the next year, Apple would place a greater emphasis on the South Asian market in a Medium blog post.

According to Kuo, the Taiwanese behemoth Foxconn presently controls between 75% and 80% of India’s iPhone manufacturing capacity.

When Tata Group starts producing iPhones at the Wistron production line it purchased in India, this dynamic is anticipated to change.

Apple may improve ties with the Indian government by appointing Tata, an Indian company, to make iPhones (Wistron already has manufacturing lines in India). This action is essential to Apple’s development over the next ten years and will boost future sales of iPhones and other goods in India, he added.

Kuo also predicted that in the second half of 2025, Apple will start initial manufacture in India for the normal iPhone 17, which is expected to launch in the second half of 2025.

This will be Apple’s first attempt to produce a new iPhone model outside of China, he claims.

According to the analyst, the standard iPhone was selected because of its easier design development process, which lowers design risk.

In addition, Kuo predicted that by 2024, Foxconn’s manufacturing capacity in Zhengzhou and Taiyuan, China, will decrease by 35% to 45% and 75% to 85%, respectively.

He stated, “Luxshare’s rapid increase in iPhone order allocation and improvements in production line automation are also the main reasons for the production scale reduction, in addition to expanding production in India.”