Apple's Pivot-From-China Gamble Pays Off: 1 In 7 iPhones Now Made In India
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple Inc. has significantly increased its iPhone production in India to $14 billion in the last fiscal year, doubling its output and reducing its reliance on China. This shift accounts for nearly 14% of Apple's flagship phones now being produced in India, a move that aligns with Prime Minister Narendra Modi's push for high-end manufacturing in the country. Foxconn and Pegatron are leading this production effort, with Tata Group also playing a key role through its facility in Karnataka.
April 10, 2024 | 9:01 am
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Apple's increased iPhone production in India to $14 billion signifies a strategic move to diversify manufacturing away from China, potentially enhancing the company's supply chain resilience and market reach.
Apple's decision to boost iPhone production in India not only diversifies its manufacturing base away from geopolitical tensions in China but also aligns with efforts to tap into India's growing market and manufacturing incentives. This could lead to improved supply chain resilience, potentially positive market sentiment, and a broader consumer base.
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