Exit the Indian market? Apple's main OEM factory terminates iPhone cooperation: losses are disastrous
Apple's contracted factory in India, Wistron, recently announced that it will withdraw from India as a whole and dissolve its business in India. This means that Weichuang will terminate its iPhone OEM cooperation with Apple, which was once Apple's third largest OEM factory
Apple's contracted factory in India, Wistron, recently announced that it will withdraw from India as a whole and dissolve its business in India. This means that Weichuang will terminate its iPhone OEM cooperation with Apple, which was once Apple's third largest OEM factory.
It is reported that there are many reasons for Weichuang's exit from India, including worker unrest, short pay, medical accidents, and other issues, which have led to frequent disputes for the company in India. In addition, Weichuang is also facing pressure from Apple to increase its efforts in manufacturing iPhones in India to reduce costs and increase market share.
However,Weichuang found that manufacturing iPhones in India does not make money, but rather causes significant losses
Apple is not too concerned about Weichuang's exit as it has other foundries to take over. For example, Lixun Precision has acquired Weichuang's domestic OEM factory and obtained the opportunity to OEM high-end iPhones. In India, Tata Group has taken over WeChat's iPhone assembly workshop. In addition, Foxconn and Asus are still Apple's main contract factories and have also invested in India.
Weichuang's exit from the iPhone OEM business and the Indian market reflects Apple's high demand and low return strategy towards OEM factories. This strategy may make it difficult for some OEM factories to bear and choose to give up cooperation.
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