Apple Now Makes One in Four iPhones in India
Summary
Apple significantly increased iPhone production in India by 53% last year, now manufacturing a quarter of its devices there. This strategic move aims to mitigate U.S.-China trade risks and leverage India's production incentives, as reported by Bloomberg.
Key Insights
What is the Production-Linked Incentive (PLI) scheme that supports Apple's manufacturing in India?
The PLI scheme is a government program launched to promote domestic manufacturing and exports of electronics like smartphones by providing financial incentives to companies based on their incremental production and sales performance.