Apple ships iPhones worth $6 bn from India to reduce dependence on China

Quick Summary:

IPhones account for the bulk of India's smartphone exports and helped the product category become the top export to the US at $2.

To be sure, Apple relies on China for a bulk of its manufacturing and sales, and India’s unlikely to become its top market anytime soon.

Salt-to-software conglomerate Tata Group’s electronics manufacturing arm exported about $1.7 billion in iPhones from its factory in Karnataka state from April to September, the people said.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaIndonesiaTaiwan

Topics: IPhone Apple iPhone IPhone exports Exports India iphone exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 09:33:26 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 657 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23318295

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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