Market Chatter: Apple Assembles $22 Billion of iPhones in India in Year Through March

, MT Newswires -  6:04 AM ET 4/14/2025 Company News

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06:04 AM EDT, 04/14/2025 (MT Newswires) -- Apple ( AAPL ) assembled $22 billion worth of iPhones in India in the year through March, with production up roughly 60% year over year, Bloomberg News reported, citing people familiar with the matter.

The technology giant now makes 20% of iPhones in India, the unnamed sources told the news outlet.

The ramp-up indicates that Apple ( AAPL ) and its suppliers are accelerating a pivot to India from China, according to the report.

Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment.

The company's shares were up 5% in recent premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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