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Apple triples India’s iPhone output to $10b in shift from China

Source: afr.com afr.com
News Snapshot:

New Delhi | Apple assembled more than $US7 billion ($10 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 per cent of its iPhones in India through expanding partners from Foxconn Technology to Pegatron, people familiar with the matter said. That is a significant leap for India, which accounted for an estimated 1 per cent of the world’s iPhones in 2021. Apple is set to open its first official retail store in India, in Mumbai, as the company places big…

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