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"Big companies got a jolt, they realized they needed a backup strategy outside of China — they couldn't risk another lockdown or any geopolitical rift affecting their business," said Kolla. Currently, India makes close to 13 million iPhones every year, up from less than 5 million three years ago, according to Counterpoint Research. This is about 6% of iPhones made globally — and only a small slice in comparison to China, which still produces around 90% of them.