According to JP Morgan analysts, the tech giant is now preparing to make Vietnam and India important manufacturing hubs globally.

In the context of global supply chain re-establishment taking place on a scale not seen in decades, JP Morgan Chase estimates that India will account for 25% of global iPhone production, while Vietnam will account for 25% of global iPhone production. 20% of global iPad production.

Apple began assembling some of its devices in India and Vietnam a few years ago, slowly cutting its reliance on China. According to JP Morgan analysts, the tech giant is now preparing to make these two countries important manufacturing hubs globally.

In a report they sent to clients on Wednesday (September 21), JP Morgan analysts said that Apple will move 5% of global iPhone 14 production to India by the end of 2022 and expand its capacity. production capacity in this country to 25% of all iPhones by 2025.

On the other hand, Vietnam will contribute 20% of the total production of iPads and Apple Watches, 5% of MacBooks and 65% of AirPods by 2025, according to the report.

“Vietnam is emerging as a center for manufacturing components and electronic manufacturing services (EMS) for small-volume products (Apple Watch, Mac, iPad) and is becoming a manufacturing hub for AirPods. main,” the JP Morgan report reads.

.The report also predicts: “The manufacturing market share in Mainland China will shift to local suppliers, while India will get market share from Taiwanese (Chinese) suppliers. In Vietnam, we expect market share to be shared by both Taiwan (China) and Mainland China."