Report: Apple may shift fifth of production to India

American tech giant Apple Inc. has been ramping up manufacturing of its iPhones in India as it shifts away production from China.

According to a report from the Economic Times released on Monday, Apple’s senior executives have been meeting with government officials in India in order to shift nearly a fifth of the company’s production from China, which would amount to $40 billion over the next five years.

“We expect Apple to produce up to $40 billion worth of smartphones, mostly for exports through its contract manufacturers Wistron and Foxconn, availing the benefits under the production-linked incentive (PLI) scheme,” a senior government source shared.



Breaking the News / JC



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento