Indian-based electronic firm Luxshare will bring down the collapsed timelines of sales figures for Apple’s iPhones in India. Apple will help Luxshare to build a robust territory in India comprising a production line in the country.
Luxshare will significantly benefit from the Indian market and the growth of the supply chain in the forthcoming years. Luxshare Precision has made a clear call out from the top-tier iPhone 16 model (Pro Max) in 2024.
As a sign of it, Luxshare will certainly be savoring the gale in a tropical paradise. The timeline of the prodigal season will hit the company from 2H23. In addition, this would be the first time that Hon Hai did not occur the high-end iPhone assembly NPI. Therefore, inflicting the market of India undisclosed, invest are a bit perplexed in a perpendicular imbalance as the geopolitics would sometime be unfavorable for Luxshare to make a pulchritudinous production line in India, which might affect the overall future growth.
However, according to Apple analyst Ming-Chi Kuo, the production line will be set up as the company foresaw; if it wouldn’t work for Apple, there wasn’t have been any way to delve into the situation. The iPhone maker will help Luxshare Precision to make a debut in the country even though it has been said that Apple will negotiate with the Indian government to help Luxshare to be on track. Considering the span of the past iPhone garage, the annual shipments are not classified as more than 30 million units.
Luxshare Precision has acquired the NPI of the iPhone 15 Plus and is also the second retailer of the 15 and 15 Pro Max. Thereon, it is likely that iPhone shipments will attain 45-50 million units in 2023. It is primarily believed that after the Hon Hai Zhengzhou factory incident in November 2022, Apple unwillingly transported a few orders for the iPhone 14 Pro Max to Luxshare Precision to split the risks of being captivated. Acquiring the 2024 iPhone 16 Pro Max assembly NPI certainly makes Apple believe that Luxshare Precision’s R&D and production capabilities have attained the level of first-tier suppliers.