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Apple Targets 32% Of iPhone’s Global Production From India

  • Apple plans to assemble 32% of global iPhone production and 26% of its value in India by 2026-27.
  • This could result in a production value of over $34 Bn, assuming consistent global iPhone sales.
  • Discussions were held between Apple, its vendors, and Indian governments regarding device assembly in India.
  • Apple has surpassed its target of moving 10% of production to India by the third year of the PLI scheme.

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