Brief by Shorts91 Newsdesk / 06:24am on 10 Apr 2024,Wednesday Business
Apple significantly ramps up iPhone production in India, assembling $14 billion worth of devices in fiscal 2024. Approximately 1 in 7 iPhones is now made in India, with major Taiwanese manufacturers Foxconn and Pegatron playing key roles. Foxconn leads with 67% of India-made iPhones, while Pegatron contributes 17%. Remaining devices produced at Wistron's Karnataka plant, now under Tata Group. Apple aims to diversify supply chain amid China tensions. Pegatron in talks to transfer Chennai facility control to Tata. Tata constructing new plant in Hosur, Tamil Nadu. Apple yet to comment on Bloomberg report.
