Apple Become Cheaper Than Samsung, Apple Shift 20% Of Its Production To India From China

  • 4 years ago
The iPhone makes is currently looking to scale up its local manufacturing revenues. Amid the pandemic, Apple is seeking alternatives to China for shifting its production. An official familiar with the matter told Economic Times (ET) that Apple is looking to scale its local revenue to $40 billion over the next five years.

"We expect Apple to produce up to $40 billion worth of smartphones, mostly for exports through its contract manufacturers Wistron and Foxconn, availing the benefits under the production-linked incentive (PLI) scheme," the business daily quoted a senior government official as saying,

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