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Apple Now Produces ~25% of iPhones in India: Report
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Apple (AAPL.US) increased its iPhone production in India by approx. 53% last year, with the current production in India accounting for one-quarter of its total output, aiming to mitigate the impact of US tariffs, Bloomberg quoted sources as saying. It is reported that Apple produces approx. 220 million to 230 million iPhones globally each year, and assembled about 55 million iPhones in India last year, up from 36 million units a year earlier. AASTOCKS Financial News Website: www.aastocks.com |
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