Slow process: Several iPhone 16 models on display at an Apple Store in Shanghai. Apple is unlikely to shift production to the United States anytime soon, due to factors such as limited facilities and labour shortages. — AFP
NEW DELHI: Apple Inc assembled US$22bil worth of iPhones in India in the 12 months ended March, increasing production by nearly 60% over the previous year in a sign of continued diversification away from China.
The Cupertino, California-headquartered company now makes 20%, or one in five, of its prized iPhones in the South Asian country, according to people familiar with the matter who asked not to be identified as the information isn’t public.
