Apple Could Manufacture 18% Of All iPhones In India By 2025
Portfolio Pulse from Shomik Sen Bhattacharjee
A Bank of America report suggests that Apple Inc. (NASDAQ:AAPL) may move 18% of its global iPhone production to India by 2025, due to the Indian government's production-linked incentive (PLI) scheme for mobile phones. The scheme could help India triple its domestic production to $126 billion and increase exports by five times to $55 billion by 2026.
June 14, 2023 | 12:41 pm
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Apple may shift 18% of its global iPhone production to India by 2025 due to the Indian government's PLI scheme, potentially increasing domestic production and exports.
The PLI scheme could help Apple increase its production and exports, which would positively impact its revenues and potentially its stock price. The scheme aims to triple India's domestic production to $126 billion and increase exports by five times to $55 billion by 2026. This move could also help Apple diversify its supply chain and reduce reliance on China.
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