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Will Apple's iPhone production investment in India reach $30 billion by the end of 2024?
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Apple to Double iPhone Production in India to $30 Billion, Thanks to Trump and Make in India Initiative
Nov 11, 2024, 03:38 AM
Apple Inc. is set to significantly increase its iPhone production in India, with estimates suggesting that production could double to $30 billion. This expansion is reportedly influenced by recent U.S. tariff policies, particularly those enacted during Donald Trump's administration, which have prompted the company to diversify its manufacturing base away from China. The move aligns with India's 'Make in India' initiative, aiming to boost local manufacturing and create jobs. The potential doubling of production underscores Apple's commitment to strengthening its presence in the Indian market amid ongoing trade tensions between the U.S. and China.
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