December 22, 2022
1 min read

Apple speeds up Vietnam plans

According to the report, the iPhone maker aims to have ‘out of China’ production alternatives for key products amid Covid lockdowns that hampered its supply chain….reports Asian Lite News

Apple is planning to begin production of MacBooks in Vietnam by mid-2023, as it continues to diversify its production base away from China to other countries, including India, the media reported on Tuesday.

The tech giant has tapped its top supplier Foxconn to start making MacBooks in the Southeast Asian nation as early as around May, reports Nikkei Asia, citing sources.

According to the report, the iPhone maker aims to have ‘out of China’ production alternatives for key products amid Covid lockdowns that hampered its supply chain.

Apple plans to move some MacBook production to Vietnam for the first time next year as it “continues diversifying its production base away from China amid escalating tech tensions between Washington and Beijing,” the report mentioned.

As per a Counterpoint Research report, Foxconn aims to shift up to 30 per cent of its capacity to India, Vietnam and Brazil.

It had already developed “rather high production capacities in India and Vietnam before the recent disruption at its Zhengzhou plant” in China.

As of September 2022, there were 21 Apple suppliers in Vietnam.

When it comes to smartphone production, manufacturing in India grew 16 per cent (year-over-year) in Q2 2022 (April-June) to reach over 44 million units, said the Counterpoint report.

Earlier, The Wall Street Journal reported that Apple is “telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam” in order to “reduce dependence on Taiwanese assemblers led by Foxconn”.

The contribution of domestic iPhone manufacturing in India jumped from 50 per cent in 2019 to 73 per cent in 2021, according to market research firm CMR.

In the meantime, the percentage of imported iPhones to India decreased from 50 per cent in 2019 to 45 per cent in 2020, 27 per cent in 2021 and around 15 per cent this year — showing a significant Make in India’s boom for Apple.

Apple aims to ship 40-45 per cent of iPhones from India compared with a single-digit percentage currently, according to analyst Ming-chi Kuo.

ALSO READ: Airtel acquires strategic stake in Lemnisk

Previous Story

Apple suppliers to bet big on UP

Next Story

Cisco outlines 7 technology trends for 2023

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop

Don't Miss

Apple’s Dominance Grows in India

Apple’s Q4 2023 performance in India paints a picture of

UK to probe Apple, Google’s ‘effective duopoly’

Referring to the existing App Store investigation, he added that