Apple Preparing to Give Shock to China, It is Planning to Source More Iphone Components From Indian Suppliers

a media Report A source with knowledge of the company’s plans has been quoted as saying that Apple has talked to more than 40 Electronics Manufacturing Service (EMS) firms in the country. These include Amber Enterprises and HCLTech. This source said Apple’s Chinese suppliers are reluctant to set up their units due to visa issues and cases in the country against some Chinese firms. It has also been told in this report that there is a delay in getting permission from the government for import of batteries, chargers and other components from Chinese suppliers. For this reason also, Apple is considering buying more components from India.

However, manufacturing components in the country can be a challenge for the company. For this reason, the company has encouraged Indian companies to tie-up with firms from Taiwan, China, Japan and South Korea. The company’s revenue in the country has increased by almost 36 percent in the last financial year to more than Rs 67,121 crore. iPhones have a major share in Apple’s sales. The company’s quarterly sales in the country have been increasing on a year-on-year basis since the last calendar year. In the last financial year, the company’s revenue was approximately Rs 49,321 crore, an increase of more than 47 percent.

The company’s iPhone sales in the country in the current financial year are estimated to be around $11 billion. Apart from this, Apple can earn revenue of four-six billion dollars from Mac, iPad, smartwatches and services. Recently, the company’s CEO, Tim Cook had emphasized the growing importance of India. He had told that Apple has made a record of revenue in India in the September quarter. The company is also preparing to open four new stores in the country.