Apple considering major shift of iPhone production from China to India
Prime Minister Narendra Modi met top executives of Apple, Samsung and homegrown phone maker Lava on December 28 last year, which kick-started the process.
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“India isn’t a big market for Apple as the company sells only a fraction of its total output in India. It is actually looking at India as a base to manufacture and export, essentially diversifying its production out of China,” the official said…
Apple is a top investor in China. In 2018-19, it produced merchandise valued at $220 billion in China, of which it exported goods worth $185 billion, according to industry experts. It directly and indirectly employs about 4.8 million people there.
To read the rest of the article, click: https://tech.economictimes.indiatimes.com/news/mobile/apple-may-take-a-bigger-bite-of-indias-manufacturing-pie/75666667
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