Apple Supplier Kickstarts iPhone 15 Production In India, Airpods Next In Line: Report
Portfolio Pulse from Arpit Nayak
Foxconn, a Taiwanese electronics company, has started the production of Apple's upcoming iPhone 15 in India. This move is part of Apple's strategy to diversify its manufacturing away from China and mitigate supply chain risks. Apple also plans to produce its AirPods at Foxconn’s facility in Hyderabad, India. The expansion in India has been supported by financial incentives from the government, leading to a substantial increase in iPhone production. Apple aims to manufacture 15 million iPhone 15 units in India this year, which would make up 20% of its global production.
August 16, 2023 | 8:37 am
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POSITIVE IMPACT
Apple's decision to diversify its manufacturing to India could mitigate supply chain risks and potentially lead to cost savings due to financial incentives from the Indian government.
Apple's decision to diversify its manufacturing to India could mitigate supply chain risks, especially those related to over-reliance on China. Additionally, the financial incentives provided by the Indian government could lead to cost savings, which could positively impact Apple's bottom line.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Foxconn, as a major supplier to Apple, stands to benefit from the increased production of iPhones and AirPods in India.
As a major supplier to Apple, Foxconn stands to benefit from the increased production of iPhones and AirPods in India. This could lead to increased revenues and profitability for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80