Back in September, a J.P. Morgan report claimed Apple could shift up to 25% of its iPhone production to India by 2025 and now a new South China Morning Post article suggests the share may rise to 50% by 2027. Apple has reportedly decreased iPhone component orders from its Chinese suppliers, which has in turn negatively impacted their earnings estimates and stock prices. India currently accounts for a mere 5% of all iPhone production, though there has been a push to assemble newer models including the iPhone 14 just a few weeks after production in China began. Rumors suggest Apple will...
via shopmatrix
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