Apple's India Expansion: First Store Opens to Cheers and Claps.

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Source: CNBC
Apple's India Expansion: First Store Opens to Cheers and Claps.
Photo: CNBC
TL;DR Summary

Apple is expanding its footprint in India, with the opening of its second retail store in Delhi. However, analysts predict that the company's dependency on China will remain for years to come due to China's superior infrastructure capabilities and supply chain partners. India has the potential to become the next China for Apple production, but it could take up to a decade before it happens. Apple currently manufactures 5% to 7% of its iPhones in India, a leap from just 1% in 2021, and plans to increase its prominence in the country. The rising middle class in India and increasing adoption of technology will generate higher iPhone sales, but Apple will remain a premium brand.

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