Apple to manufacture more than 50 mn iPhones, 25 pct of its annual global production in India
Apple has major plans for India. According to a report, Apple and its suppliers will manufacture as many as 50 million units of iPhone each year. This number will be as much as one-fourth or 25 percent of the global production of iPhones. The factories in India will be ramped up to meet the production demand in the next two to three years. The production quantity is expected to be increased even further, once the current plan is reached. After that additional tens of millions of units of iPhones will be added to the lineup.The information comes from a report by the Wall Street Journal, which stated, “Apple and its suppliers, led by Taiwan-based Foxconn Technology Group, generally believe the initial push into India has gone well and are laying the groundwork for a bigger expansion, say...