Apple Ships $6 Billion of iPhones From India in Big China Shift
October 30, 2024
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0:25Now PlayingApple Ships $6 Billion of iPhones From India in Big China Shift
YouTube Description
as posted by the channel#Apple #iPhone exports from #India jumped by a third in the six months through September, underscoring its push to expand manufacturing in the country and reduce dependence on #China #tech #technology
The #US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
Apple is expanding its manufacturing network in India at a rapid clip, taking advantage of local subsidies, a skilled workforce and advances in the country’s technological capabilities. India is a crucial part of the company’s effort to lessen its reliance on China, where risks have grown along with #Beijing tensions with the US.
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