New Delhi, April 26 -- Apple Inc. is looking to more than double the number of iPhones it makes in India to 50 million-plus units per year by 2028, three people aware of the matter toldMinton the condition of anonymity.
The move, which would entail significant capacity build-up at Apple's India partners, comes in the backdrop of a US-China trade standoff that threatens the company's long-standing supply chain balance.China currently accounts for 80%of all iPhone manufacturing for Apple, according to data from market researcher International Data Corporation (IDC),andIndia has 10%share.
Earlier on Friday, a report byFinancial Timessaid that Apple could make all iPhones bound for the US market in India by next year,amounting to 60 million...
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