Apple ramps up iPhone production in India to $7 billion in strategic shift from China
India TV NewsApple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp. India produced an estimated 1% of the world's iPhones in 2021 which reflects a sizable increase. Despite the fact that Apple has rapidly grown it's assembly lines over the past year in vast Chinese facilities which presently manufactures the majority of the world's iPhones, the tech giant is exploring alternative manufacturing options to mitigate risks to its supply chain. Next week, Apple will debut its first two retail locations in India, one in Mumbai, a major financial centre, and the other in New Delhi, the country's capital.