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iPhones responsible for as much as 6.8% of Asian economies

Apple's iPhone may be designed in good ol' California, USA but its components, made in Asia, have become significant drivers of a number of Asian economies, according to analysts and government officials.

The reach of the iPhone may be so ubiquitous that it has in fact boosted Asian economies by as much as 6.8% according to new figures based on calculations of analysts and government officials, quoted by the Wall Street Journal.

In Japan government official has estimated that the amount of components ordered by Apple could help boost the country’s electronics exports by as much as 5%. Taiwan’s industrial production back in June was up 8.6% which analyst have too attributed to Apple.

“The jump of the output of semiconductors is 100% related to the iPhone launch,” said Masterlink Investment Advisory economist Anita Hsu.

And, according to Arthur Liao, a tech analyst for Fubon, a Taiwan-based brokerage, “Apple is becoming a more major contributor to Taiwan’s economy.”

Check out the graphic below courtesy of the Wall Street Journal, which demonstrates that many of the iPhone’s components are sourced from all parts of the world - displays from Japan and South Korea, processors from South Korea (although some believe Taiwan’s TSMC is contributing as well), and more.

A new line of iPhone models is set to be announced this September, with production numbers set to be at record levels.

In related news China (which is conspicuously absent from the components list) has been fighting a battle back and forth with Apple over claims the company could be using location data to steal state secrets. Apple has strongly denied the claims. 

"As we have stated before, Apple has never worked with any government agency from any country to create a backdoor in any of our products or services," the company said.

"We have also never allowed access to our servers. And we never will. It’s something we feel very strongly about."

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