Apple may make every fourth iPhone in India by 2025. Analysts at JPMorgan said on Wednesday that the tech giant is looking to shut down its production in China amid rising geopolitical tensions and lockdowns. By 2025, it could export 25 percent of all Apple products, including Macs, iPads, Apple Watches and AirPods, out of China. Currently, the company manufactures 5 percent of its products outside China.
Analysts say that India is the second largest smartphone market in the world after China. The company can make 5 percent of the total production of iPhone 14 in India by the end of this year.
Apple is making iPhones in India in 2017 in collaboration with Wistron and later Foxconn, as part of the Indian government's efforts to promote local manufacturing, he said.
Gokul Hariharan, the principal analyst at JP Morgan, says that because of Taiwanese vendors such as Han Hai and Pegatron, Apple wants to move its production facility to India.
Also Read: Gautam Adani's wealth increased wildly in one year, earned Rs 1612 crore every day
Yashasvi Jaiswal on Sachin Tendulkar: Team India won by 106 runs in the second test match of Indi
There is good news for people planning to travel from India to Thailand. They will no longer need
In view of the situation in Tawang in Arunachal Pradesh after December 9 and the military standof
The government can give an incentive of Rs 45 billion to foreign electronics companies for making
Balasaheb's loyal servant left Uddhav's side; for 30 years he served in Matoshree, now Shinde joined
Once very close to Shiv Sena supremo Balasaheb Thackeray and one of the loyalists of his residenc
The route of Rahul Gandhi's Bharat Jodo Yatra has been decided in Haryana. The journey will begin
Pakistan itself, which gives shelter to terrorists, is currently struggling with terrorist activi
Cristiano Ronaldo has written a new history. The Portugal star has become the most capped player
On Thursday, the Supreme Court has given a big decision on the petition filed regarding Delhi's w
Prime Minister Narendra Modi will blow the bugle for the Delhi assembly elections on Friday. The