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Benzinga
Benzinga
Business
Anusuya Lahiri

Apple Begins Manufacturing iPhone In India, Marking Setback For China

  • Apple Inc (NASDAQ:AAPL) has started manufacturing the iPhone 13 in India, Reuters reports.
  • Apple produced the iPhone at a local plant of Apple's Taiwanese contract manufacturer Hon Hai Precision Industry Co Ltd (OTC:HNHAF), operating as Foxconn in Sriperumbudur in Southern Tamil Nadu.
  • Also Read: China's Smartphone Shipment Plunges By 32% In FebruaryHere's Why Apple Could Shine Amid China's Covid Resurgence
  • Apple shifted some areas of iPhone production from China to other markets, including India, the world's second-biggest smartphone market, to reduce reliance on its Chinese supply chain.
  • Apple also looked to assemble iPad tablets in India.
  • Apple launched manufacturing operations in India in 2017 with the iPhone SE with the iPhone 13 marking its fourth model.
  • Price Action: AAPL shares traded lower by 2.55% at $165.75 on the last check Monday.
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