iPhone maker Apple will start manufacturing its wireless ear buds AirPods at Foxconn’s Hyderabad factory, according to sources.
Foxconn has approved an investment of USD 400 million for Hyderabad plant which is expected to begin mass production by December 2024.
“Foxconn Hyderabad factory will make AirPods. The factory is expected to begin mass production by December,” a source told PTI.
The information was confirmed by one more source who is privy to the development.
An email query sent to Apple and Foxconn did not elicit any reply.
AirPods will be the second product category after iPhone that will be made in India.
Apple’s AirPods leads TWS (true wireless stereo) market globally.
It led the global TWS market with about 36 per cent market share in the December 2022 quarter, according to research firm Canalys.
Apple was followed by Samsung with 7.5 per cent market share, Xiaomi 4.4 per cent, Boat 4 per cent and Oppo 3 per cent.
Xiaomi started making its TWS in India this year at Optiemus Electronics plant in Noida.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Aug 15 2023 | 3:55 PM IST
