As we all know, some time ago, Cook visited China and met with Wang Chuanfu, chairman of BYD, Zhou Qunfei, chairman of Lens Technology, Chen Xiaoshuo, general manager of Changying Precision, etc., and had breakfast with Zheng Kai......
Later, Cook said in an interview with the media that he loves China, he loves Chinese, and Apple will continue to invest in China.
Many people said that Cook was admitting defeat and seeing that the iPhone was not selling well in the Chinese market, while the Huawei Mate60 series and Xiaomi 14 series were selling well, Cook felt pressured, so he wanted to curry favor with China, brush up on a wave of goodwill, and sell a little more iPhone.
But in fact, Cook is saying one thing in his mouth, doing another, saying that he loves China, loves the Chinese, and Apple will continue to invest in China, but in fact, the iPhone produced in India is already increasing, and the production capacity is continuing to transfer.
Data shows that Apple's iPhones assembled in India in the last fiscal year were worth $14 billion, which was directly doubled compared with the previous fiscal year, equivalent to an increase of 100%.
In terms of proportion, Apple's current production of branded devices in India accounts for as much as 14%, accounting for about one-seventh of global production, while in the last fiscal year, this proportion was less than 7%, which is equivalent to a direct double.
Not only is the iPhone production in India accounting for an increasing proportion, but many other products have also begun to move from China to Southeast Asia, such as airpods, iPads and so on.
According to media reports, nearly 67% of the 14% of iPhone production capacity is assembled by Hon Hai's factory in India, Pegatron accounts for about 17%, and the rest is produced at Tata's factory, which was previously owned by Wistron but sold to Tata.
Obviously, these Taiwanese manufacturers, following in the footsteps of Apple, are slowly transferring their production capacity to India, whether it is Apple or these foundries, with the intensification of geopolitical tensions, reducing their long-term dependence on China.
Some media said that the current production of iPhones in India, or the production of other digital technology products, compared with manufacturing in Chinese mainland, is actually more expensive, reducing dependence on China's technology supply chain, is expensive and complicated, but for many multinational enterprises, he has to do so.
Apple foundry, although the profit is not high, but in Chinese mainland also feeds a large number of supply chains and feeds a large number of workers, once slowly transferred, the impact on us is still greater.