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Apple overtakes Samsung as the largest smartphone exporter from India. Apple shipped 49% of all smartphones
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Skull and Bones
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Apple to Scale Up India Production Fivefold to $40 Billion
Apple Inc. plans to increase production in India more than fivefold within the next five years, PTI reported, citing government officials it didn’t identify.
www.bloomberg.com
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AmazingApple to Scale Up India Production Fivefold to $40 Billion
Apple Inc. plans to increase production in India more than fivefold within the next five years, PTI reported, citing government officials it didn’t identify.
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During the last financial year, Apple manufactured products worth more than $7 Bn
Cupertino-based tech giant is also exploring manufacturing of Airpods from next year
In the first half of 2023, Apple surpassed Samsung to become the leader in smartphone exports in terms of value
After a series of major wins in India, iPhone maker Apple is planning to ramp up production by more than five times the current levels to around $40 Bn.
The development comes just days after a top Foxconn executive had said the Taiwanese contract manufacturer would double its production would double its production in the country within one year. Foxconn is one of the three contract manufacturers that put together iPhones in India.
During the last financial year, Apple manufactured products worth more than $7 Bn, per government officials.
“Apple has plans to increase production in India to over Bn in the next 4-5 years. It has crossed Bn in the last fiscal,” an official cited by PTI said.
Cupertino-based tech giant is also exploring manufacturing of Airpods from next year
In the first half of 2023, Apple surpassed Samsung to become the leader in smartphone exports in terms of value
After a series of major wins in India, iPhone maker Apple is planning to ramp up production by more than five times the current levels to around $40 Bn.
The development comes just days after a top Foxconn executive had said the Taiwanese contract manufacturer would double its production would double its production in the country within one year. Foxconn is one of the three contract manufacturers that put together iPhones in India.
During the last financial year, Apple manufactured products worth more than $7 Bn, per government officials.
“Apple has plans to increase production in India to over Bn in the next 4-5 years. It has crossed Bn in the last fiscal,” an official cited by PTI said.
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