Thursday, 26 December 2024
Trending
Business

Apple produces iPhones in India at $14 billion

  • 13 percent of Apple’s flagship devices are now manufactured in India.
  • 67% of the gadgets were assembled by Foxconn, and 17% by Pegatron Corp.
  • The Indian consumer products company is also constructing a second plant in Hosur, Tamil Nadu.

13 percent of Apple’s flagship devices are now manufactured in India, where the company constructed $14 billion worth of iPhones in fiscal 2024, according to Bloomberg News. 67% of the gadgets were assembled by Foxconn, and 17% by Pegatron Corp.

The remaining iPhones were manufactured in the Karnataka plant of Wistron Corp., which was acquired by the Tata Group last year. When Reuters asked Apple for comment, Apple did not reply.

Apple iPhones

Even though China is still the world’s largest center for iPhone production, Apple is progressively trying to diversify its supply chain outside of China in light of the geopolitical concerns between Beijing and Washington.

According to a story published by Reuters on Monday, Pegatron is in advanced talks with the Tata Group to transfer management of its sole iPhone production facility, which is situated in the southern state of Tamil Nadu, close to Chennai.

The Indian consumer products company is also constructing a second plant in Hosur, Tamil Nadu, and Pegatron is probably going to be involved in a joint venture.

Related posts
Business

Samsung Reshuffles Leadership to Boost AI Chip Competitiveness

Jun Young-hyun appointed co-CEO, heads memory chip business. Han Jin-man takes charge of the…
Read more
Business

DOJ’s Push to Force Google to Sell Chrome Doesn’t Shake Investor Confidence in Alphabet Stock

The DOJ seeks to force Google to sell its Chrome browser to weaken its dominance in search…
Read more
BusinessEconomy

French Farmers Mobilize Nationwide to Oppose EU-Mercosur Trade Deal

Farmers fear cheaper imports from South America could harm local agriculture. Poor harvests and…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

CryptoTrending

Ripple CEO Predicts the Crypto Market to Cross $5 Trillion in 2024

Worth reading...