Apple's Expansion in India Set to Accelerate Thanks to Duty Reductions

Quick Summary:

Apple stands to benefit significantly from India's recent reduction in import duties on mobile phones and components, aimed at boosting local manufacturing and making high-end smartphones more affordable (via Reuters).

India has announced a 5% cut in import duties on mobile phones, printed circuit board assemblies (PCBAs), and mobile device chargers, reducing the rate from 20% to 15%.

Apple's assembly operations in the country, conducted through its partners like Foxconn, have grown significantly in recent years, with 14% of all iPhones now being produced in India.

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Article Details

Author / Journalist: Hartley Charlton

Category: Technology

Markets: United StatesChinaIndia

Topics: Foxconn

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 08:25:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: macrumors.com

Language: English

Article Length: 1113 words

Reading Time: 7 minutes read

Sentences: 49 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © MacRumors

News ID: 21763914

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