SUMMARY
The tech giant is aiming to go beyond just diversification, seeking to manufacture the entire volume of iPhones sold in the US, roughly 60 Mn units annually, entirely in India
While China still accounts for nearly 80% of global iPhone production, Apple has been gradually moving parts of its supply chain out of the country
India already assembles 30 Mn to 40 Mn iPhones in India every year, almost 25% of its total global iPhone production
Apple is reportedly planning to…
