India, April 16 -- Apple now assembles 20% or one in five of all its iPhones in India, increasing production by nearly 60% from the previous year.

This represents a sign of continued diversification away from China, according to a Bloomberg report.

As a result, $22 billion worth of iPhones from the Cupertino, California-headquartered company were made in India during the financial year 2024-25. This is the estimated factory gate value and not the marked-up retail price.

Apple has been trying to step away from production in China since the coronavirus-induced lockdowns hurt its production.

In India, a majority of iPhones assembled are at Foxconn Technology Group's factory, while the Tata Group's electronics manufacturing arm, which bou...