Last week, Apple announced plans to make its latest phone model - iPhone 14 - in India, a significant milestone in the company's strategy to diversify manufacturing outside of China.
Five percent of iPhone 14 production is expected to shift to the country this year, much sooner than analysts had anticipated.
By 2025, a quarter of all iPhones the company makes could be produced in India, say analysts at investment bank JP Morgan.
Apple has been manufacturing iPhones in the southern Indian state of Tamil Nadu since 2017.
But the decision to make their flagship model in India is a noteworthy step as trade tensions between Beijing and Washington show no signs of letting up.
The move also assumes significance in the backdrop of the global supply chain "de-risking" which is underway because of China's "zero-Covid" policy.
Tend to agree but keep in mind the number of funds that hold apple. Every pension fund and Miriam seems to own it so they benefit massively from all these passive "index buyers"
good post. a word about VR, though: it's gaining ground in industry/trades. sales volume won't be as big as consumer, but the product prices will be higher. not enough to match consumer sales, but definitely a profitable market.
October 2022
https://www.bbc.co.uk/news/world-asia-india-63140815
Last week, Apple announced plans to make its latest phone model - iPhone 14 - in India, a significant milestone in the company's strategy to diversify manufacturing outside of China.
Five percent of iPhone 14 production is expected to shift to the country this year, much sooner than analysts had anticipated.
By 2025, a quarter of all iPhones the company makes could be produced in India, say analysts at investment bank JP Morgan.
Apple has been manufacturing iPhones in the southern Indian state of Tamil Nadu since 2017.
But the decision to make their flagship model in India is a noteworthy step as trade tensions between Beijing and Washington show no signs of letting up.
The move also assumes significance in the backdrop of the global supply chain "de-risking" which is underway because of China's "zero-Covid" policy.
Tend to agree but keep in mind the number of funds that hold apple. Every pension fund and Miriam seems to own it so they benefit massively from all these passive "index buyers"
2H imo
good post. a word about VR, though: it's gaining ground in industry/trades. sales volume won't be as big as consumer, but the product prices will be higher. not enough to match consumer sales, but definitely a profitable market.