Luxshare to Replace Foxconn as Top-Tier iPhone Assembler for Apple's 2024 Flagship

Apple is expected to give Luxshare key iPhone 16 production responsibilities, taking away from Foxconn for the first time. Luxshare has already been given new product introduction approval for next year's iPhone 16 Pro Max, indicating Apple's increasing faith in and reliance on the assembler. Luxshare's production yield improvement schedule for the iPhone 14 Pro Max proved better than expected, leading Apple to award NPI to the company for the 2024 model. Apple wants to triple its iPhone production capacity in India within the next two years, as part of a larger plan to diversify its supply chain out of China and into other parts of the world.