Apple's New Global Play: iPhone 17 Production To Start In India, Not China, Says Top Analyst
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple Inc. (NASDAQ:AAPL) plans to start the production of its iPhone 17 in India by the second half of 2024, marking the first time a New Product Introduction (NPI) begins outside China. The initiative will be led in partnership with contract manufacturers such as Foxconn, Pegatron, and the newly joined Tata Group. This move is part of Apple's strategy to diversify its supply chain and reduce its dependence on Foxconn’s facilities in China. Analyst Ming-Chi Kuo predicts that if the transition is successful, iPhones manufactured in India could account for 20–25% of the global market by 2024.
November 02, 2023 | 6:12 am
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Apple's decision to start iPhone 17 production in India could diversify its supply chain and reduce its dependence on China. If successful, this could lead to a significant increase in Apple's global market share.
Apple's decision to shift iPhone production to India is a strategic move to diversify its supply chain and reduce dependence on China. This could potentially increase Apple's global market share if the transition is successful, which would positively impact its stock price.
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