Foxconn Begins Apple iPhone 15 Production In Tamil Nadu: ReportAs per the report, the scale of production of iPhones in India will largely depend on the ready availability of the components that are largely imported

ByTeena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Apple supplier Foxconn has started the production of iPhone 15 at its Tamil Nadu plant. Foxconn Technology's plant in Sriperumbudur is all set to roll out the latest iPhones shortly after they've hit the market in China.

According to a Bloomberg report, the delivery of the new devices will begin just weeks after shipping starts from factories in China. Also, Apple has been looking to boost the volume of iPhones coming from India.

Reportedly, the new iPhone, likely to be announced on September 12, 2023, is said to be the biggest update to the device in three years. Reports were there that the new iPhones possess the 3-nanometer A16 processor.

Also, it stated that the scale of production of iPhones in India will largely depend on the ready availability of the components that are largely imported. The production lines have been ramped up at the facility in Chennai.

在Tuesday it was reported that Apple will commence the production of its AirPods wireless earbuds at Foxconn's facility in Hyderabad. The Hyderabad plant, with an approved investment of $400 million by Foxconn, is projected to initiate large-scale manufacturing by December 2024, PTI reported.

The report added that Apple wants to bring the timing of deliveries from India and China plants on par in this financial year but the suppliers are not sure whether they can achieve the target.

In April this year, Apple CEO Tim Cook visited India and inaugurated two retail stores in Delhi and Mumbai. In the last financial year, iPhones worth $7 billion were produced in India.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Thought Leaders

5 Books Every Entrepreneur Should Read Before Starting a Business

A selection of books that helped me found and scale a startup from a $10,000 line of credit to a billion-dollar business

News and Trends

RBI Keeps the Repo Rate Unchanged for the 4th Time this Fiscal Year

The MPC kept the Repo Rate unchanged for a total of four MPC meetings this year so far. The previous change in the key rate took place in February 2023 when RBI hiked the repo rate by 25 basis points to 6.50 per cent.

Entrepreneurs

3 Key Things Investors Look For In a Founder Before Signing a Cheque

One thing that determines the success of a startup is its founder. And, that is why it has become crucial for investors to bet their money on the right founders

Technology

No Need to Have a 'FOBO' for AI

It is a well- known fact that before AI takes your job, someone using AI will take it. To stay relevant in the job market, it is then absolutely essential to adopt AI and automation tools to enhance one's productivity to ensure that his or her job is not rendered obsolete.

Business News

KFC Has Been Dethroned as No. 2 Chicken Chain in the U.S. — Here's Who Took Its Spot

A viral chicken sandwich led to an increase in market share.

Thought Leaders

From Side Hustle to Full-Time Success — 6 Ways to Turn Niche Interests into Profitable Ventures

A hobby, pro bono work or charity project can turn into a money-making business if you know the right steps to take.