According to a report from Indian news outlet The Economic Times, Apple executives have been meeting with key Indian government officials to explore the possibility of moving a huge chunk of Apple’s iPhone production from China to India. Manufacturing revenues could soar to as much as $40 billion over the next five years. This is according to “officials familiar with the matter.”
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)…
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