APPLE ASSEMBLED MORE than $7 billion of iPhones in India last fiscal year, tripling production in the world's fastest-growing smartphone arena after accelerating a move beyond China.
The US company now makes almost 7% of its iPhones in India through expanding partners from Foxconn Technology Group to Pegatron, people familiar with the matter said.
That's a significant leap for India, which accounted for an estimated 1% of the world's iPhones in 2021.
Apple is exploring ways to reduce its reliance on China as tensions between Washington and Beijing continue to escalate. Its longtime partners, who make most of the world's iPhones from sprawling factories in China, have added assembly lines at a rapid pace over the past year, the people said, declining to be named as the information isn't public.
Denne historien er fra April 14, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra April 14, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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