Apple's 'Made In India' Production Could Surge To $40 Billion in the Coming Years
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple Inc. is planning to significantly increase its production capability in India, aiming to reach an annual production value of around $40 billion over the next four to five years, up from $7 billion in the previous fiscal year. This is part of Apple's strategy to establish a stronger foothold in the Indian market. The company is also considering manufacturing its popular AirPods in India. Despite a slight decrease in iPhone sales and a marginal drop in the wearable, home, and accessories segment globally, Apple continues to dominate the ultra-premium segment in India.
September 25, 2023 | 6:26 am
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Apple's planned increase in production in India could potentially boost its revenues and strengthen its position in the Indian market. However, a slight decrease in iPhone sales and a marginal drop in the wearable, home, and accessories segment globally could impact its overall performance.
Apple's plan to increase its production in India indicates a strategic move to tap into the growing Indian market. This could potentially increase its revenues and strengthen its market position. However, the reported decrease in iPhone sales and a drop in the wearable, home, and accessories segment globally could pose challenges to its overall performance.
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