End of China’s Manufacturing? Apple and Foxconn Shift From China to India for Premium iPhones

"Apple's strategy in India is not just about selling products; they also aim to make India a significant manufacturing hub to reduce reliance on China."

"Earlier, Bloomberg reported that in the fiscal year 2023, the value of iPhones assembled by Apple in India was estimated to be as high as $14 billion. This indicates the company's push for regional diversification and a quicker exit from China."
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