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Huge! Apple shipped practically 1 million ‘make-in-India’ iPhones Q1 2022

by Index Investing News
April 26, 2022
in Financial
Reading Time: 4 mins read
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In some excellent news, Apple shipped practically 1 million ‘make-in-India’ iPhones within the nation within the first quarter of 2022, a large bounce of fifty per cent (year-on-year) in iPhone shipments from inside the nation, knowledge confirmed on Tuesday.

Based on knowledge shared by market intelligence agency CyberMedia Analysis (CMR), iPhones in India registered an general development of twenty-two per cent within the Q1 2022, led by iPhone 12 and 13 gross sales.

“Our insights level to the contribution of ‘Make in India’ iPhones in Q1 2022, rising 50 per cent YoY. The contribution of newer technology iPhones, akin to iPhone 13, is nearly equal to iPhone 12,” Prabhu Ram, Head- Trade Intelligence Group at CMR, was quoted as saying to IANS.

Apple’s enhanced and diversified iPhone manufacturing capabilities in India, together with aggressive retail initiatives, proceed to contribute to its sturdy development momentum in India. 

Earlier this month, the tech large confirmed it has began manufacturing its top-selling iPhone 13 smartphone in India. Apple first began manufacturing iPhones in India in 2017, with iPhone SE.

“As Apple additional diversifies its manufacturing base, the newer technology iPhone fashions will gas Apple’s India development story,” mentioned Ram.

The tech large manufactures a few of its most superior iPhones within the nation, together with iPhone 11, iPhone 12 and now iPhone 13 on the Foxconn facility whereas iPhone SE and iPhone 12 are being assembled on the Wistron manufacturing facility within the nation. In Q1 2022, iPhone 12 maintained a lead with 52 per cent share, adopted by iPhone 13 at 20 per cent and iPhone 11 at 18 per cent in India.

On the subject of iPads, Apple registered a 31 per cent development in India, led by iPad ninth technology (Wi-Fi) that garnered 45 per cent market share. Apple is predicted to register a 5.2 per cent market share in India this yr.

“With its enduring model attraction, Apple continues to draw premium consumers. This can be a break from the previous when older-generation iPhone fashions gained client favour by means of aggressive and enticing value affords,” mentioned Ram.





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