Apple's Asian Shift: China's Loss Could Be India's Billion-Dollar Gain And Cut Cupertino's Geopolitical Risk, Says Munster
Portfolio Pulse from Shanthi Rexaline
Gene Munster, founder of Deepwater Asset Management, predicts that Apple Inc. (NASDAQ:AAPL) will reduce its dependence on China over the next decade, shifting production to India. He anticipates that China's share of Apple's revenue will decline from 40-45% to 25-30% over the next five years, with India's revenue surpassing that of Greater China. Apple is also expected to start producing AirPods in India, with the overall value of products manufactured in the country projected to increase fivefold over the next four to five years, reaching $40 billion.
September 26, 2023 | 1:08 pm
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Apple's shift of production from China to India could potentially boost its revenue from India, surpassing that of Greater China. This could also reduce the company's geopolitical risk associated with China.
The shift of production from China to India could potentially increase Apple's revenue from India, while reducing its dependence on China. This could also alleviate concerns among investors about the company's heavy reliance on China, potentially boosting the company's stock price.
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