Apple CEO Tim Cook has revealed that the company is planning to shift its iPhone manufacturing from China to India. In a recent video, Cook explained that the reason for this move is not because of low labor costs in China, but rather the skilled labor and expertise available in India.
Cook stated that China is no longer a low-cost labor country and that the real reason companies manufacture there is because of the high level of skill and expertise available. He praised India’s skilled labor force, saying that the country has a deep pool of talent in tooling and vocational expertise.
This move is seen as a significant shift in Apple’s manufacturing strategy, as the company has historically relied on China to produce its flagship iPhone range. However, with the Indian government’s recent reduction in customs duties on mobile phones, Apple is likely to pass on the savings to consumers, leading to a potential price reduction of up to 10% for the new iPhone 16 Pro models.
Elon Musk, CEO of X, has also backed Cook’s claims, stating that the idea that companies manufacture in China because of low labor costs is a misconception. Musk tweeted “True” in response to Cook’s video, indicating his agreement with the Apple CEO’s sentiments.
This development is huge for India, as it marks a major win for the country’s manufacturing sector. With Apple’s decision to shift its manufacturing to India, the country is likely to see a significant boost in employment and economic growth.
Apple’s decision to shift its iPhone manufacturing from China to India is a significant development that highlights the country’s skilled labor force and expertise. With the potential for price reductions and economic growth, this move is likely to have a positive impact on both Apple and the Indian economy.
