Apple doubles India iPhone production to $14bn, shifting 14% of manufacturing from China amid geopolitical tensions.
Apple's India iPhone output hits $14bn, doubling production in the country, signifies a strategic move to lessen reliance on China amid rising geopolitical tensions. Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, according to undisclosed sources cited by Bloomberg. Foxconn, Pegatron Corp, and Wistron Corp contribute to the manufacturing of India-made iPhones.
April 10, 2024
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