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Apple to Double iPhone Production in India to $30 Billion, Targeting 32% of Global Output by 2027
Nov 12, 2024, 03:37 AM
Apple Inc. is poised to double its iPhone production in India to an estimated $30 billion, largely influenced by the fallout from Donald Trump's tariff hikes on Chinese goods. Currently, approximately 12-14% of iPhone production occurs in India, and the company aims to increase this figure to 32% of its global production by 2027. The move is seen as a strategic response to the escalating trade tensions between the U.S. and China, which have prompted companies to seek alternative manufacturing bases. Foxconn, a major supplier for Apple, is also expanding its operations in India, aligning with the country's semiconductor ambitions.
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