Apple ships $6 billion of iPhones from India in big China shift

Quick Summary:

Apple is expanding its manufacturing network in India at a rapid clip, taking advantage of local subsidies, a skilled workforce and advances in the country’s technological capabilities.

India is a crucial part of the company’s effort to lessen its reliance on China.

The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaChinaTaiwan

Topics: Apple iPhone exports Business news Apple Tata Electronics Apple india Foxconn Technology Group Apple india exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:42:52 (3 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 997 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23323007

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Official Website: timesofindia.indiatimes.com

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Year Established: 1838

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