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Apple has made iPhones value billions in India, says new report
Apple Inc has assembled $14 billion value of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday.
(Reuters) -Apple Inc has assembled $14 billion value of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday.
Apple now makes as a lot as 14% or about 1 in 7 of its marquee gadgets from India, the report stated, citing folks aware of the matter.
Foxconn assembled almost 67% whereas Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added. Wistron Corp’s plant within the southern Indian state of Karnataka, which the Tata Group took over final 12 months, made the remaining.
Apple declined to touch upon the Bloomberg report.
Apple is more and more seeking to diversify its provide chain past China amid geopolitical tensions between Beijing and Washington, at the same time as China stays the biggest iPhone-making hub on the planet.
Reuters reported on Monday that Pegatron is in superior talks handy over management of its solely iPhone manufacturing facility, positioned close to Chennai within the southern state of Tamil Nadu, to the Tata Group.
The Indian client items conglomerate can be constructing one other plant in Hosur in Tamil Nadu, with Pegatron prone to emerge as its three way partnership companion.
