Apple is in the process of moving one-fifth of the production from China to India for the next five years. According to the Economic Times, most of the production in India will be limited to exports.
This strategy is particularly evident in light of the crisis caused by the COVID-19 epidemic, which forced manufacturing companies to permanently close their facilities. An epidemic that, in addition, will produce a serious economic downturn in the coming years.
Apple does not want this to happen again, and to avoid potential future damage, the company will split iPhone production between China and India.
It may interest you | IPhone sales in India dropped by half due to the Android product
Apple will reduce its dependency on China
Currently, only "$ 1.5 billion iPhone units are sold here in India. But Apple's strategy is to produce a high-end iPhone $ 40 billion
Apple executives had "numerous meetings" with members of the Hindu Government over the past few months to lay the groundwork for a change in China's fifth-generation iPhone production. If this happens, Apple will become the most important shipping company in India.
As the rumors report, the Indian government is keen to encourage tech companies to invest in manufacturing products in their country. Its incentive plans will go into effect on August 1, and Apple will start benefiting from them next week.