Apple Looking To 5X India Production To $40 Bn By 2027

Apple Looking To 5X India Production To $40 Bn By 2027

SUMMARY

During the last financial year, Apple manufactured products worth more than $7 Bn

Cupertino-based tech giant is also exploring manufacturing of Airpods from next year

In the first half of 2023, Apple surpassed Samsung to become the leader in smartphone exports in terms of value

After a series of major wins in India, iPhone maker Apple is planning to ramp up production by more than five times the current levels to around $40 Bn by 2027.

The development comes just days after a top Foxconn executive had said the Taiwanese contract manufacturer would double its production in the country within one year. Foxconn is one of the three contract manufacturers that put together iPhones in India.

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