3 years ago
Catch all the live updates on Apple's launch of it first store in India, here:
Apr 18, 2023 11:08 (IST)
Apr 18, 2023 10:00 (IST)
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Apr 18, 2023 10:00 (IST)
Apr 18, 2023 09:53 (IST)
India has become China-plus one market for Apple to produce iPhones. The U.S. company now makes almost 7% of its iPhones in India through partners including Foxconn Technology Group to Pegatron Corp., according to a Bloomberg report. This compares with 1% in 2021. Apple is using its learnings in China to scale up its operations in India.
The company has assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone market.