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A few months ago, it was reported that Apple could be moving up to 25% of its production to India in a few years. To be exact, J.P. Morgan predicted that this move could likely happen by 2025. This was further supported in a South China Morning Post report today. According to the report, the share could now rise to 50% by 2027.
The report also revealed that the tech giant already started decreasing component orders for iPhone devices from its Chinese suppliers. Sadly, this has affected the stock prices and earnings estimates of such companies.
As of this writing, India’s iPhone production only accounts for 5%. But in recent months, there has been an urge to start assembling the iPhone 14 and newer models. According to reports, the iPhone 15 series will be assembled in China and India at the same time.
This is all part of Apple’s plan to diversify its production. Apart from the iPhone, the tech giant is said to have increased the number of manufactured AirPods and MacBooks in Vietnam.
You can read more about the report here.
Source: South China Morning Post
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