Apple moved $7B iPhone production to India, aims for $40B within five years

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Apple has now moved a total of $7B worth of iPhone production out of China and into India, according to an unnamed government official cited in a new report.

The same official says that Apple plans to hit $40B within the next five years, as the company accelerates plans to reduce its dependence on China …

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Apple moved $7B iPhone production to India, aims for $40B within five years

Apple has now moved a total of $7B worth of iPhone production out of China and into India, according to an unnamed government official cited in a new report.

The same official says that Apple plans to hit $40B within the next five years, as the company accelerates plans to reduce its dependence on China …

more…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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