Apple supplier, Foxconn Technology, will invest more than $1.5 billion in an Indian construction project to fulfill its "operational needs," the company announced in Taiwanese security filings. According to one of the securities filings and Indian corporate records,the funds were made through a Foxconn subsidiary, Hon Hai Technology India Mega...
Apple India Sales Approaches $6 Billion
Speaking at Apple’s Q2 2023 earnings call, CEO Tim Cook made reference to India 20 times reported Bloomberg News. Highlighting that India was at a tipping point, and a major focus for Apple, the chief said that the dynamism and vibrancy in the India market was just ‘unbelievable'. During the...
India Exceeds $10 Billion in Mobile Phone Exports
Supported by attractive government incentives for local manufacturing, India is set to reach $10 billion worth smartphone exports in the fiscal year ending March 31. Smartphone exports from India have doubled as compared to the previous year. According to the India Cellular and Electronics Association (ICEA), Apple's 'Make in India'...
iPhone Exports from India Touch $1Billion in 2022
According to the Economic Times, Apple surpassed Samsung and became the first company to cross the milestone of $1billion in total exports of smartphones. Apple’s rising export valuation in India is in line with India’s manufacturing facilities that have facilitated growing electronics exports that grew by over 51 percent year-on-year...
Apple to Shift Production of More Products to India
Apple plans to shift more iPhone production away from China to India. The company is now reportedly looking to also move the production of some iPads to India to keep its supply chain healthy amid Covid-related disruptions. Citing sources, CNBC reported that Apple has "talked to Indian officials about locating...
Apple Makes iPhone 14 in India
As geopolitical tensions between China and the U.S. increase, Apple has started manufacturing the iPhone 14 in India about two months after its release in China. The move will help reduce the gap between the release date and its availability in India. Typically, Apple devices are launched in India six...